Crude Prices Bad for European Refiners

[TraderTate + 186]

Great story on OP today: $70 Oil Cripples European Refiners...

https://oilprice.com/Energy/Crude-Oil/70-Oil-Cripples-European-Refiners.html

I guess European refiners are struggling to pay their bills with these lower margins. Time to take a closer look at refining everywhere. 

[Seleskya + 50]

Still bullish on US refiners, though. Strong margins and tax reforms should help them, too.