Diesel refining margins drop amid weak demand
16 July 2024
Time to read: minutes
“European diesel markets are looking bearish until September when refinery maintenance season kicks in”, Sparta analyst James Noel-Beswick said.
Reuters, July 16, 2024 – James Noel-Beswick from Sparta commented on the European diesel market, indicating a bearish outlook until September due to weak demand. He noted that the current market conditions are influenced by reduced import volumes and an oversupply from Russia.