https://www.live-feeds.com/feed/oil-majors-resist-pressure-to-invest-in-new-refineries-as-fuel-prices-keep-risingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-majors-resist-pressure-to-invest-in-new-refineries-as-fuel-prices-keep-risinghttps://www.live-feeds.com/feed/oil-majors-resist-pressure-to-invest-in-new-refineries-as-fuel-prices-keep-rising#u175901Thu, 05 Nov 2026 01:20:55 +0000Major oil companies are refusing to invest in new refinery capacity despite rising fuel prices and surging margins. This capital-discipline stance persists even as five oil giants reported $56.3 billion in quarterly profits and nine firms track toward sharing over £95bn in profit for two consecutive quarters. While supply disruptions in Ukraine and the Middle East have slashed production capacity and spiked margins, companies are resisting pressure to expand. This suggests fuel prices may remain elevated even if crude oil supplies stabilize.Why it mattersGlobal fuel supplies have tightened due