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Energy firms are trying to boost jet-fuel output as Iran war disruptions ripple through oil markets.
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But producing more jet fuel could tighten supply of other products like diesel, naphtha, Goldman Sachs warns.
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Crude oil prices are surging after President Donald Trump and Iran rejected each other’s peace plans.
Energy companies are trying to produce more jet fuel to offset disruptions tied to the war in Iran, but that could tighten supplies of other fuels instead.
“The refining industry is very efficient in finding supply at the right price levels, and we’ve certainly created the right price environment for global refining to try to optimize, to maximize jet-fuel production,” said Jerome Dortmans, the cohead of global oil and products trading at Goldman Sachs, on the bank’s “The Markets”…
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