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Diesel Cracks Hit Record Highs as Middle East and Russian Fuel Disruptions Mount

Oilprice.com Read original source (opens in a new tab)
The Story

News Summary

  • Escalating Middle East conflicts and Ukrainian drone strikes on Russian refineries have driven diesel crack spreads to record highs.
  • Disruptions to Russian exports and shipping through the Strait of Hormuz have severely tightened global distillate supplies, creating lucrative refining margins and upward pressure across the energy sector.
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