The price of global refined products are soaring—even more so than crude oil itself, as demand for those refined products is proving too much for refiners to keep up with, according to a new analysis by Vortexa. Inventories of refined products are now near historic lows—and given the refining maintenance season that will soon be upon Asia and Europe, it doesn't look that those historical lows are going to ease substantially.
Most refiners in Asia and Europe enter their refining maintenance season in Q2. But so far, Vortexa says, there…Oil Refining Industry Can't Keep Up With Demand
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