Market Eye: Diesel Premiums in Europe Under Pressure Despite Peak Turnarounds

摘要

Europe continues to make less diesel but regional premiums are still sliding as heavyweight suppliers the US and Russia battle for market share in the main Northwest Europe market. Roughly 600,000 barrels per day of European refining capacity is expected off line for maintenance this month and next, according to the latest industry survey, less than half the volume reported out of action in the spring. During spring, negative refining margins encouraged Europe's struggling refiners to bring turnaround plans forward.