Insight
US diesel export ban
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Report summary
A US diesel export ban intended to ease record pump prices would instead fill PADD 3 diesel/gasoil storage within just over a month, ultimately forcing crude run cuts of a minimum of 2.7 million b/d. Northwest Europe's diesel crack rises 27% as it competes harder for scarcer non-US barrels, while China holds the only material spare capacity to offset the loss.
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