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Goldman Sachs forecasts diesel prices to remain high through 2027 due to refining capacity constraints

CNBC ·

  1. 1Goldman Sachs projected that global diesel and jet fuel crack spreads will average over $40 per barrel through 2027.
  2. 2This figure is expected to be more than double the normal level of approximately $20 projected by Goldman Sachs for 2027.
  3. 3G7 nations have agreed to release 100 million barrels of crude oil and refined products over a four-month period.

So what's the key point?

Goldman Sachs expects diesel prices to stay high because there is not enough capacity to refine oil. Diesel prices are expected to exceed $40 per barrel by 2027.

Source CNBC · View original ↗

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