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Goldman Warns Nightmare Refining Crisis Could Prolong Diesel, Gas Price Pain Through 2027

Goldman Warns Nightmare Refining Crisis Could Prolong Diesel, Gas Price Pain Through 2027 Goldman energy analyst Nikhil Bhandari warned in a note on Monday that the global refining system is too stretched to support a full recovery in fuel demand while inventories rebuild. This suggests that fuel prices will remain elevated into next year. Bhandari told clients that refining margins must remain elevated to restrain consumption and limit restocking, keeping demand within the industry's ability to supply diesel, gasoline and jet fuel.  On an ex-China basis, Bhandari expects 300,000 barrels a day of refining...
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Vance Questions Pentagon’s Assessment of Iran War
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