The global diesel market is facing a crunch from lower production, undermining efforts to recover world economies and increasing the fragility of markets on both sides of the Atlantic, while adding to the already-high inflationary pressures.
U.S. refiners are operating at the highest operating rate since before the pandemic, but they are not expected to bring relief to the tight fuel market through major capacity expansions in the short term
Very low inventories of oil products in the United States and a shortage of refining capacity have laid the foundations for an oil shortage crisis in the United States this summer