4 stocks that could prove good bets in a high refining margin environment

Demand-supply mismatch in the oil market has led to a surge in refining margins. Demand for petroleum products is rising amid increased consumer spending, global economic recovery, easing of covid restrictions and rebound in travel and tourism. On the other hand, supply has failed to keep pace due to sanctions on Russia, limited exports from China, uncertainties regarding the Iran nuclear deal and lower OPEC output. Analysts believe supply