Brazil’s Diesel Prices Act as if Oil Cost $140 a Barrel, Not $72
Energy Key Facts —The disconnect. Brazil diesel prices are behaving as if crude cost about $140 a barrel, though oil futures sit near $72. —The margin. European diesel refining margins topped $60 a barrel, the highest reading since at least 2011. —The trigger. Russia banned diesel exports on July 8, and global refinery outages have […] The post Brazil’s Diesel Prices Act as if Oil Cost $140 a Barrel, Not $72 appeared first on The Rio Times .
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