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May 05, 2017   |   Bloomberg


World Is Buying American Diesel as Fast as Refiners Can Make It

The international market has a message for American refiners: Stay calm and keep turning crude into diesel.

While a global glut has pushed crude prices down to five-month lows, manufacturers of middle distillates can’t make enough to satisfy demand. A combination of seasonal events is giving refiners on both the Atlantic and Gulf coasts a chance to boost exports to Europe and South America.

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