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Back in September last year, Bloomberg reported that refineries around the world were struggling to keep up with demand for diesel fuel. That imbalance led to soaring diesel prices, with the fuel gaining 60% in Europe and topping $140 per barrel in the . ....
Weak Diesel Prices Reflect Global Economic Slowdown menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The power outage that took BP’s refinery in Whiting, Indiana, offline for at least three weeks has delayed a potential price jump by dampening demand expectations in the immediate term. ....
Crude oil inventories at Cushing have dropped to their lowest level for this time of year in over a decade, suggesting that a short squeeze could be coming for the bearish portfolio managers who have amassed a lot of short positions in U.S. crude oil . ....