September 28, 2022 – Bloomberg
(BN) US REFINERY INSIGHTS: Shutdowns, Maintenance Lift Crack Spreads
By: Barbara Powell, Chunzi Xu
Exacerbating matters: A strike by workers at France’s oil refineries is disrupting fuel supplies in Europe’s third-largest economy, further tightening global supplies and boosting diesel margins.
“It seems the cracks bottomed out as high prices depressed demand and now you have a pretty strong maintenance season and fairly large outage for Toledo,” said John Auers, managing director of Refined Fuels...