Fuel markets, especially those of diesel and kerosene, may continue to be very tight amid uneven global demand growth rates and limits in the refining capacity, the International Energy Agency (IEA) said on Wednesday. After the maintenance season at refineries across the U.S., Europe, and Asia ends, refining activity is set for a solid recovery across the board as demand is robust with the summer travel season, the IEA said in its Oil Market Report for June.
Refining capacity globally is also set to increase this year and next, but not fully offsetting…IEA: Fuel Crunch To Persist Despite Solid Refining Recovery
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