U.S. manufacturing activity has been stumbling for most of this year, and with it, the outlook for fuel demand with a focus on diesel. Now, it appears this activity has reached a post-pandemic plateau. While not the best news in a world where growth still matters, the situation has a silver lining: the risk of a diesel shortage has shrunk. A year ago, as the European Union prepared its sanctions on Russian oil and fuel exports, it ignited a race with U.S. diesel consumers that saw traders divert cargoes bound for Europe to send to the…
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