Loading…
Global refined product stocks have fallen to critically low levels as refineries cannot meet surging diesel demand. US refiners received over $150 per barrel for gasoline and diesel while paying about $100 for crude, a record refining margin.
Record refining margins signal severe diesel scarcity, keeping fuel and freight costs high for feed producers. Strong refinery incentives may support crude demand but also tighten distillate supply.
reuters.comJohn KempMay 10, 2022Not 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.
