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Refineries are expensive and time-consuming to build. The current spreads reflect the shortage of refining capacity and the end of the Iran crisis won't change the pricing dynamic that quickly.
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Shell Reports Nearly $7 Billion Profit Amid ‘Unprecedented Disruption' The New York TimesShell's profits jump as Iran war delivers windfall Financial TimesShell tops profit estimates as Iran war boosts oil price, cuts share buybacks CNBCNot all oil giants are prospering from the Iran war The Economist
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Trump's Iran war may stymie climate gains with boost to big oil, experts say The GuardianShell Reports Nearly $7 Billion Profit Amid ‘Unprecedented Disruption' The New York TimesNot all oil giants are prospering from the Iran war The EconomistShell tops profit estimates as Iran war boosts oil price, cuts share buybacks CNBC
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Peloton CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move.
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