Goldman Sachs Forecasts Diesel Refining Margins to Reach $63 per Barrel
Source Summary
Goldman Sachs has revised its profit forecast for refiners upward, now expecting diesel refining margins to reach $63 per barrel, doubling its earlier projection. The bank attributes the surge to strikes at refineries in the Middle East and Russia that have further constrained global refining capacity. Diesel remains the primary driver of the refined-products margin rally.
Why it matters
The forecast signals substantially higher profitability for refining companies amid global diesel scarcity, driven by supply-side constraints from labor disruptions.
