Though cold weather on the US East Coast and a slower-than-expected return from works for Exxon’s Rotterdam refinery has exacerbated short-term tightness in Atlantic basin diesel markets, they are due for a pause. December is a slow demand period, and arb flows from the US and Asia to Europe are..
There is simply too much gasoline today and all signs point to this situation getting worse before it gets better. Refining margins are positive in every market thanks to strong diesel prices and soft light crude values which keep discounting to secure a place in refinery slates. Gasoline product..