Tag: Refiners

Hedge funds to US refiners: Produce more diesel, less gasoline

Hedge funds to US refiners: Produce more diesel, less gasoline

Realignment of gasoline and diesel margins has a solid grounding in supply-demand-stocks fundamentals By John Kemp LONDON – According to Reuters, hedge funds and other money managers are betting diesel and heating oil will take over from gasoline as the main driver of US refinery profitability in the second half of the year. For the past […]

Gasoline appeal fades as refiners chase the next profit boost

Gasoline appeal fades as refiners chase the next profit boost

Refiners move from gasoline to diesel, jet fuel and heating oil By Ahmad Ghaddar and Libby George  LONDON, June 16 (Reuters) – Just as drivers hit the road for summer holidays, refiners are turning the taps down on gasoline as a global excess cuts into their profits. Refiners in Europe, Asia and the United States, from […]