Global oil refining profits surge and may stay strong

By Seher Dareen, Nicole Jao and Mohi Narayan LONDON/NEW YORK/NEW DELHI (Reuters) -Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, and some see ​little respite without more plants being built in the Western world. The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply,‌ and has defied expectations earlier this year that the rally could prove t ...