Sky Quarry's Nevada Refinery Gains Strategic Value as Brent Crude Surpasses $110 and West Coast Refining Capacity Shrinks

Nevada's only operating refinery is positioned at the intersection of surging global oil prices, accelerating California refinery closures, and rising demand for domestically produced fuel WOODS CROSS, UT / ACCESS Newswire / April 2, 2026 / Sky Quarry Inc. (NASDAQ:SKYQ), operator of Nevada's only operating refinery, today highlighted the strategic importance of its Foreland Refinery as Brent crude oil surged past $110 per barrel - its highest level since mid-2022 - and the Western United States continues to lose refining capacity at an accelerating rate. The convergence of a major oil price rally amid disruptions in the Strait of Hormuz, the permanent closure of major California refineries, and strong regional fuel demand creates a favorable backdrop for domestic refining infrastructure serving the local market.