Diesel Margins Could Get a Boost from Russian Diesel Ban ...Middle East

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Diesel Margins Could Get a Boost from Russian Diesel Ban
source : OILPRICE ( Middle East ) () 14
Refining margins in Asia have dropped in recent weeks as China ramped up exports of fuels amid high export quotas assigned to its refiners in recent months. The profit margins of processing diesel are still at high levels historically, and they could start rising again once the EU embargo on seaborne imports of Russian fuels comes into force on February 5.  For example, the profit margin for gasoil, the key component of diesel, from processing Dubai crude at a Singapore refinery fell by 34% from its fourth-quarter peak of $46.83 per barrel…

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