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7.5

G7 100M Barrel Release Cuts Diesel Margins from Record Highs

G7 announced a 100 million barrel release of crude and diesel over four months, easing supply concerns and reducing the risk of a U.S. diesel export ban. This has driven ICE gasoil crack spreads down to ~$70/bbl from a record $85/bbl last week, signaling lower refinery profitability and potential relief for diesel consumers.

OilPrice.com3 days agoUS, GB, FR, DE, IT, JP, CAengCredibility 49%View source

Score Breakdown

Mosaic Score7.5
Model confidence0.7
Significance0.8
Source credibility0.5

Intelligence Tags

#diesel#refining margins#strategic reserves#g7#oil markets

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