Save for later Print Download Share LinkedIn Twitter Europe’s energy crisis is starting to spread to its fuel markets, with some refiners extending maintenance shutdowns and others cutting hydrocracking capacity to manage a spike in hydrogen feedstock costs. The supply crunch comes as regional demand for road fuels continues to rise post-pandemic and amid worries that sky-high natural gas prices could also trigger fuel switching to gasoil and fuel oil. German heating oil demand is already high as consumers stockpile ahead of a new carbon tax coming into force next year.
