European Refiners Set To Benefit From Gulf Coast Chaos

The refinery outages from Hurricane Harvey have left a very
large, if temporary, void in the refined product supply, a space
set to be filled by refiners located far from the flood ravaged
coast of Texas. European refiners stand to benefit from the
disruptions, as a sudden shortfall in refined products has led to a
surge in margins. European refiners are expected to ramp up
capacity and exports to fill the gap, enticed by surging prices.
Crack spreads for European gasoline are at a two-year high,
according to PVM Oil Associates, and at a record…

The refinery outages from Hurricane Harvey have left a very
large, if temporary, void in the refined product supply, a space
set to be filled by refiners located far from the flood ravaged
coast of Texas. European refiners stand to benefit from the
disruptions, as a sudden shortfall in refined products has led to a
surge in margins. European refiners are expected to ramp up
capacity and exports to fill the gap, enticed by surging prices.
Crack spreads for European gasoline are at a two-year high,
according to PVM Oil Associates, and at a record…