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US Oil Refiners Beat Expectations, Predict Growing Demand in 2024

FILE PHOTO: Oil and gas drilling sites in New Mexico

US oil refiners have exceeded expectations on Wall Street and are now predicting a rise in demand for their products by 2024. Despite the ongoing challenges faced by the oil and gas industry, refiners in the United States have managed to outperform market estimates, indicating a positive outlook for the future.

The success of US oil refiners comes as a surprise to many, given the worldwide shift towards renewable energy sources and the growing concerns about climate change. However, refiners have demonstrated their resilience and adaptability in an evolving market.

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