Goldman Sachs lowers its diesel spread forecast and shifts its bets to European gasoline: Diesel shortages are squeezing gasoline supply.
The tightness in the global fuel market is spreading from diesel to gasoline. A recent report from Goldman Sachs suggests that as refiners increase diesel production to cope with tight supplies, gasoline supply is actually being squeezed, and the supply-demand gap in the gasoline market may widen further. Based on