# Oil majors resist pressure to invest in new refineries as fuel prices keep rising

- Source: FT Home
- Published: 2026-11-01T05:00:18+00:00
- Category: Business
- Original: https://www.ft.com/content/4d63f08d-3556-4d84-8e1d-40f866741d15?syn-25a6b1a6=1
- Canonical: https://groundlevelnews.com/story/oil-majors-resist-pressure-to-invest-in-new-refineries-as-fuel-prices--9c82ed/

Conflicts in the Middle East and Ukraine have slashed fuel production capacity and sent margins way up

_Ground Level News shows a short summary only; the full article and all rights belong to FT Home._