European Diesel Refining Margins Hit Record $65 A Barrel as NWE Prices Rally to $160

businessenergy-marketsoilworldeurope 2 posts · 2 accounts

European diesel refining margins have surpassed a record $65 a barrel, highlighting the tightest conditions in the global refined fuel complex.

Benchmark prices in the North West European trading hub have returned to $160 a barrel, placing petroleum products in a price panic. Diesel remains the primary bottleneck in refined fuel trading, surpassing jet fuel in market tightness.

From the sources (2 posts)

@burggrabenh

Petroleum product prices are firmly back in panic mode, for instance with NWE diesel prices back at $160/bbl. The funny thing is that this time around, most just don't realise it or do not seem to care. It is what it is.

@oilandenergy

Diesel remains the key chokepoint in global refined fuel markets, with European diesel refining margins surging above a record $65 per barrel, underscoring an even tighter market than jet fuel.

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