‘From liabilities to goldmines’: refineries eye record profits from diesel shortage

Refineries are poised to make record profits due to a global diesel shortage. This unexpected windfall comes as the world struggles with high fuel prices, triggered by the shutdown of refineries in the Middle East and Russia. The shortage is expected to continue into 2027, according to the world's energy watchdog. As a result, refineries that turn crude oil into diesel are likely to benefit financially, despite the broader economic fallout from the shortage.

Why it matters

Refineries are set to profit from the diesel shortage as they turn crude oil into the in-demand fuel. This comes despite the economic fallout from record prices, which will likely impact consumers and other businesses.

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