EIA: North American refiners earn more than foreign competitors amid shale boom

06/9/2014 | American City Business Journals

The U.S. shale boom, which has allowed for cheap crude oil and natural gas, is driving bigger profits for North American refineries compared with their foreign competitors, according to the Energy Information Administration. The agency reported that in 2013, refining companies in the region profited over $7 per barrel more than their competitors in Europe and earned approximately $4 per barrel more than refineries in other parts of the world.

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