Loading…
Gasoline has lost value against diesel since August, and refiners in Europe are losing money on it. Global gasoline supply has outpaced demand, with US stocks at seasonal record highs, while lighter US crude output has added more gasoline.
Diesel is trading at a premium to gasoline, which may keep refiners running hard for diesel output. Persistent gasoline oversupply pressures refining margins and may shift crude and product flows.
energynow.comNov 14, 2018, by Jack WittelsNov 15, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
