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

https://mins.news/en/item/124167

- Financial Times, 2026-11-01 05:00 UTC
- Economy
- Original: https://www.ft.com/content/4d63f08d-3556-4d84-8e1d-40f866741d15?syn-25a6b1a6=1

> Conflicts in the Middle East and Ukraine have cut fuel production capacity and sharply raised margins. Oil majors are resisting pressure to invest in new refineries even as fuel prices continue to climb.

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