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Diesel refining margins drop amid weak demand

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Published16 JUL 24 - 10:17 Reading time  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.

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