Diesel market faces severe supply shortage

According to Tejarat News, U.S. diesel refining margins have reached a record $106 per barrel, exceeding $100 for the first time. This indicator is a key measure of refineries’ earnings from converting each barrel of crude oil into diesel, and higher margins signal diesel supply shortages and greater refining profitability. Diesel refining margins have more than tripled since February. By comparison, during the 2022 energy crisis this metric peaked at about $85 per barrel. This increase reflects a severe global diesel supply shortage amid recent developments.

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