[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Tracy Shuchart (𝒞𝒽𝒾 ) [@chigrl](/creator/twitter/chigrl) on x 322.2K followers Created: 2025-07-25 08:56:14 UTC Refiners>> Goldman Says Diesel Margins to Stay High on Refining Tightness Diesel-refining margins may cool off a touch from very high levels, but are still likely to end up above long-run averages given a crunch in global processing capacity, according to Goldman Sachs Group Inc. The industrial fuel has been on a tear recently, with global stockpiles declining and so-called financial demand surging, analysts including Yulia Zhestkova Grigsby said in a note released on Thursday. Unexpected outages at refineries in Europe, plus a dearth of the types of crude that yield distillates — including from Venezuela, Canada, and OPEC+ — exacerbated the situation, they said. In the US — among the most transparent parts of the physical oil market — nationwide diesel stockpiles remain at their lowest level since 1996 on a seasonal basis, even after they expanded last week. In the trading hub of Singapore, meanwhile, holdings of middle distillates — a category that includes diesel — have tumbled to the lowest since February 2024. Further afield, the continued slowdown in the pace of global refinery capacity additions — from XXX million barrels a day in 2023-2024 to XXXXXXX barrels a day in 2025-2026 — will keep refined-product margins elevated, Goldman said. (Bloomberg) XXXXX engagements  **Related Topics** [tracy](/topic/tracy) [goldman sachs](/topic/goldman-sachs) [stocks financial services](/topic/stocks-financial-services) [Post Link](https://x.com/chigrl/status/1948668606079791283)
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Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl on x 322.2K followers
Created: 2025-07-25 08:56:14 UTC
Refiners>>
Goldman Says Diesel Margins to Stay High on Refining Tightness
Diesel-refining margins may cool off a touch from very high levels, but are still likely to end up above long-run averages given a crunch in global processing capacity, according to Goldman Sachs Group Inc.
The industrial fuel has been on a tear recently, with global stockpiles declining and so-called financial demand surging, analysts including Yulia Zhestkova Grigsby said in a note released on Thursday. Unexpected outages at refineries in Europe, plus a dearth of the types of crude that yield distillates — including from Venezuela, Canada, and OPEC+ — exacerbated the situation, they said.
In the US — among the most transparent parts of the physical oil market — nationwide diesel stockpiles remain at their lowest level since 1996 on a seasonal basis, even after they expanded last week. In the trading hub of Singapore, meanwhile, holdings of middle distillates — a category that includes diesel — have tumbled to the lowest since February 2024.
Further afield, the continued slowdown in the pace of global refinery capacity additions — from XXX million barrels a day in 2023-2024 to XXXXXXX barrels a day in 2025-2026 — will keep refined-product margins elevated, Goldman said. (Bloomberg)
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