US refiners see strong Q4 earnings continuing into 2023 as turnarounds increase

US refiners are expected to report elevated earnings for Q4 2022, which are spilling over into 2023 as demand remains healthy amid anemic inventories that are expected to fall on heavier-than-2022 turnarounds, an analysis from S&P Global Commodity Insights showed Jan. 25. “Refiners are looking at an excellent Q4 ’22 thanks to extremely robust diesel cracks, widening heavy crude differentials,…