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Diesel Margins Surge as the Gas-to-Oil Switching Kicks Off

OIL PRODUCTS
  • Europe is facing a diesel shortfall of around 1.5 million barrels a day and the deficit could expand as consumers replace natural gas with oil products, according to FGE.
  • The industry consultant estimates profits in Europe from making middle distillates are expected to rally to a record $70 a barrel during winter. Margins are currently around $55.

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