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Goldman Sachs said that the global refining market is experiencing a rare mismatch between supply and demand: profit margins for refined oil products continue to rise, but refinery operating volume has not increased at the same time. In the past two months, the global profit margin for refined oil products rose markedly, increasing by about 30 US dollars/barrel over the previous year, and the US diesel profit margin rose to a record high of more than 100 US dollars/barrel; at the same time, global refinery processing volume decreased by nearly 7 million b/d.
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Goldman Sachs said that the global refining market is experiencing a rare mismatch between supply and demand: profit margins for refined oil products continue to rise, but refinery operating volume has not increased at the same time. In the past two months, the global profit margin for refined oil products rose markedly, increasing by about 30 US dollars/barrel over the previous year, and the US diesel profit margin rose to a record high of more than 100 US dollars/barrel; at the same time, global refinery processing volume decreased by nearly 7 million b/d.
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