REFINERY MARGIN TRACKER: Record high global diesel cracks propel margins upward

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Rising demand, low inventories and oil market disruption centered around Russia’s invasion of Ukraine have pushed diesel cracks to record-high levels, with both US Gulf Coast and Western European cracks breaching the mid $40/b level, according to a March 28 analysis from S&P Global Commodity Insights. “Strong cracks have pulled up all benchmark refinery margins, which are robust for both…