Europe’s diesel crisis is set to worsen as refinery maintenance and unplanned outages result in reduced supply. The benchmark diesel profit margins in Europe rose last week to the highest in two weeks. Wood Mackenzie: diesel stocks are unlikely to build from current levels. Europe’s diesel crunch is set to worsen in the coming months as more European refineries shut down for maintenance this month, and unplanned outages reduce supply. European fuel demand will draw additional imports from other regions, tightening further already tight global refined product markets. The expected tightening of the diesel market in Europe will come just as the EU prepares to ban the import of Russian refined petroleum products by sea as of February 2023. More European Refineries Offline The benchmark diesel profit margins in Europe rose last week to the highest in two weeks, per Reuters’ estimates, while analysts and traders told Reuters that […]