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War Leaves U.S. Oil Refiners With Massive Profit Gains

WSJ What’s News

Bonus Episode for Nov. 4. Refiners turn the crude oil pumped from the ground into products cars, planes and trains can use. Conflicts in the Middle…

0:00 6:03

Episode Summary

Bonus Episode for Nov. 4. Refiners turn the crude oil pumped from the ground into products cars, planes and trains can use. Conflicts in the Middle East and Ukraine have damaged regional energy sectors, prompting U.S. companies like Marathon Petroleum, Phillips 66, and Valero Energy to run at full tilt in an effort to fill…

Published November 4, 2026 · 6:03