US independent refiners get some breathing room, but long-term outlook bleak

Near-term prospects are turning around for the US independent refining sector. That?s the good news. The bad news is that, for the long term, this will still remain an especially tough business to make much money in. Accordingly, market and other, external pressures will increasingly propel US independent refiners into further consolidation?and even that won?t help things much.

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