Global fuel markets are set to remain tight until at least the middle of next year as the second quarter of 2027 will see unusually high planned maintenance that refiners have deferred from this year, Morgan Stanley analysts say. Planned maintenance at refineries worldwide is set to peak at 3.4 million barrels per day (bpd) in the second quarter of 2027, as many facilities will be overdue for maintenance after currently running at maximum capacity utilization. In recent months, many refiners have postponed scheduled outages to keep fuels flowing…
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