Refining: Refiners Need to Run Hard to Keep People Flying

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The middle distillate market is expected to be tight again in 2023. This year it will be rising jet fuel demand putting pressure on prices; in 2022 it was rising diesel demand. Both jet fuel and diesel are competing for similar molecules from the refining process. With the impact of the pandemic waning, jet fuel consumption is set to grow 720,000 barrels per day in 2023, while demand for diesel might decline by 100,000 b/d, Energy Intelligence balances show.

Refining, Oil Products, Oil Trade, Crude Oil, Diesel/Gasoil, Jet Fuel
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