Diesel Squeeze Nobody Hedged: 4 Refiners Just Logged Their 6th Straight Week of Gains
Valero, Marathon Petroleum, HF Sinclair and Phillips 66 have gained for six consecutive weeks as diesel crack spreads hit an all-time record.
Stocks · News reference
Tom Lee's Fundstrat predicts a market 'golden age.' Mark Newton explains why he's still 'buying dips' and dismissing AI slowdown fears.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Valero, Marathon Petroleum, HF Sinclair and Phillips 66 have gained for six consecutive weeks as diesel crack spreads hit an all-time record.
Valero shares are up 140.6% in 2026, on pace for its best year ever; the diesel crack spread near $106 a barrel dwarfs gasoline's $31.
Brent topped $100 after US strikes on Iranian tankers. Refiners have doubled in 2026. Airlines, REITs and gold miners are on the wrong side.
SLB's Oman contract covers a 19-month Bisat-B expansion and four years of maintenance support as OQEP adds production capacity.
Exxon predicts 2050 global power demand will jump 65%, with oil and gas continuing to supply over half of the world's energy.
SLB shares rise after agreeing to acquire Kelvion for $3.4 billion, expanding its data center infrastructure business and thermal management capabilities.