Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
Russian firms exit Europe’s shrinking refining sector
Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east
India cements role as refining hub
The country’s hybrid model of state-backed and private refiners, often collaborating, continues to enjoy success
Outlook 2023: Eye of the storm
The worst may yet be to come for European and global gas markets
Outlook 2023: Gas sellers beware
The golden age of gas has given way to the golden age of gas prices, with long-term implications for demand
Outlook 2023: Europe to remain premium LNG market in 2023
The TTF is likely to stay at elevated levels to attract necessary volumes in the global market
Less is more in Iraqi downstream
The government’s new focus on relatively small, state-funded refinery expansions and upgrades bodes well for long-awaited progress
Where next in Europe’s diesel crisis?
The fate of the continent’s supply crunch may lie elsewhere—in China, the Middle East and Russia
Outlook 2023: EU diesel demand begins to shift away from Russia
Efforts to find alternative sources of middle distillate have proven sluggish but are starting to ramp up
Outlook 2023: Supply-side adjustments to end diesel crack rally in 2023
China is making strong efforts to kickstart its refining industry, and grassroots refineries are in their finishing phases around the globe
Outlook 2023: America’s role in global gas security
The US ‘Gaslift’ helped rescue Europe’s energy sector last winter, but with liquefaction plants already operating at capacity, what are the prospects for continued support?
Refiners face numerous challenges in 2022
Refining Diesel Transport fuel Carbon permits Natural Gas markets
Ahmed Mehdi
24 February 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Tide turns for middle distillates

Strong prices for middle distillates might persist due to a range of supply and demand factors

Dated Brent reached $100/bl in mid-February, exposing refiners to a new set of challenges for the year ahead, including crude procurement, managing high operating costs—due to high natural gas and carbon prices—and the need to address growing product demand. At the same time, jet fuel margins show strong signs of recovery and gasoil/diesel balances appear set to tighten even further. The key themes in product markets last year were the strength of gasoline and refiners opting to blend surplus jet fuel into the diesel pool, while 2022 has ushered in a new set of challenges and opportunities for refiners. The most notable of these has been the rally in middle distillates. Several factors have

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Shale drillers try to stay patient amid gas price slump
22 March 2023
Producers resist urge to respond too quickly to gas price trends
US drilling to climb as supply disruption continues
22 March 2023
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
Willow approval may be turning point that fails to turn
21 March 2023
Development expected to produce equivalent of up to 40pc of Alaskan daily production but is unlikely to herald a new age of megaprojects
Crude tanker market outlook remains strong
20 March 2023
Ukraine fallout continues to elevate tanker demand while restricting vessel availability

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search