What factors contributed to the decline in refining margins for big oil companies?
Oil Producers Suffers as Prices, Refining Sink Profits

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2.
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What challenges are big oil companies facing in the near future according to the text?
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3.
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How did the investing community misjudge the outlook for oil prices?
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What is the significance of Shell's statement regarding market balance by the end of the year?
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5.
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Discuss the implications of Exxon’s net profit forecast and how it compares to Shell and BP.
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