Refiners in Asia Want More Oil
Despite rising crude prices, margins for producing diesel and gasoline have surged to near pre-pandemic levels.
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Despite rising crude prices, margins for producing diesel and gasoline have surged to near pre-pandemic levels.
(Bloomberg) -- Oil soaring to near $100 a barrel is doing little to slow down demand from the biggest buyers as refineries in Asia look to boost processing rates to cash in on a boom in fuel-making profits.
The moves underscore the extent of concerns in the energy industry over the situation in Ukraine.
European natural gas prices surged Monday as the supply concerns that have plagued the market this winter are deepening amid ongoing tensions between
By Prejula Prem (Bloomberg) European refiners are planning to send more diesel than usual to the U.S., where inventories of the fuel are low and a cold snap has gripped...