Exxon, Chevron Say Diesel and Refined Product Supplies Will Stay Tight as Iran Conflict Disrupts Markets
ExxonMobil and Chevron warned that supplies of diesel and other refined fuels will likely remain constrained through the second half of the year amid disruptions tied to the Iran war. Both companies posted sizable rises in second-quarter refining profits as shrinking inventories, curtailed Chinese exports and Russian refinery outages pushed margins…