4.9 mbd US Diesel Production

34% Average Yield from Oil

 

 

Europe is the largest market for automotive diesel. 55% percent of the vehicles there run on diesel, compared with only 5% in the US cars.

 

EU diesel refinery output falls short of demand as it has lost a significant portion of its refining capacity, whilst the emerging economies' growing demand is diverting supply away from it.

 

Jet fuel prices are strengthening again after civil passenger numbers recently returned to prior 2008 levels. The carrier manufacturers are predicting 5% annual passenger growth throughout 2030.

 

We see a trend where alternatives play a significant role in both diesel and jet fuel blends. 

Mid Distillates