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The refining industry is a major component of the global energy market, producing gasoline and diesel fuel from crude oil. Refineries use a variety of processes to separate crude oil into its component parts, such as gasoline, diesel, and other products. The gasoline and diesel produced by refineries are used to power vehicles, ships, and other machinery. Refineries also produce other products such as lubricants, waxes, and petrochemicals.
The refining industry is highly competitive, with many companies competing for market share. Major players in the refining industry include ExxonMobil, Chevron, BP, Shell, Valero, and Phillips 66. These companies operate refineries around the world, producing gasoline and diesel for the global market. Show Less Read more
