Goldman Sachs Sees More Upside in Gasoline as Diesel Crunch Deepens
6 Articles
6 Articles
Goldman Sachs Sees More Upside in Gasoline as Diesel Crunch Deepens
Diesel prices and margins will continue to grow amid tightening markets, but gasoline could offer even more upside as refiners currently prioritize diesel output, Goldman Sachs says. The investment bank is switching its key fuel market recommendation away from diesel timespreads and onto European gasoline for the middle of next year in a note carried by Bloomberg. “The key reason for this new recommendation is that refiners’ switching output fro…
Gasoline is expected to extend its gains as tightness in global fuel markets spreads, according to Goldman Sachs.
The price of gasoline tends to continue to rise as supplies in the global fuel markets expand, according to Goldman Sachs Group, whose recommendation has been shifted from diesel to large-scale car fuel. Analysts, including Julia Gestkova Gregsby and Dan Strawven, wrote in a note: The main reason for this new recommendation is that refining companies shift away from production of [...] the article Goldman recommends investment in gasoline instea…
Gasoline is expected to increase its profits as the crisis in global fuel markets escalates, according to Goldman Sachs, which shifted its ... The article Goldman Sachs recommends investors to place positions in gasoline – Predicts a rally similar to that of diesel was published in NewsIT .
The shift in refinery production from gasoline to diesel is causing rapid tightening in gasoline markets.
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