"Diesel Is At Epicenter Of Supply Squeeze,": Goldman

"Diesel Is At Epicenter Of Supply Squeeze,": Goldman Goldman analysts are out with an eye-opening note showing that global refinery runs have plunged to their lowest seasonal level since the Covid era as conflict-related outages hammer Russia and the Gulf while Chinese processing remains subdued. Analysts, including Yulia Zhestkova Grigsby and Daan Struyven, introduced a new global refinery-runs nowcast, estimating that global runs declined by 6.5 million barrels per day from a year earlier in late July. Non-OECD throughput dropped by 7 million barrels per day, led by the Middle East,...