Refining: Crude Runs Reach Four-Year High, Diesel Still Short

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Global refining crude throughput was 83.2 million barrels per day in August, the highest volume since August 2019, reflecting higher margins and new capacity coming on line. But refined product supply is insufficient to satisfy demand for middle distillates, which continue to deliver stellar margins. In a repeat of 2022, diesel margins are rising fast as the industry enters a maintenance period ahead of peak demand for the harvest season and winter demand in the Northern Hemisphere.

Refining, Diesel/Gasoil, Oil Products, Crude Oil, Oil Supply
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