PMG Energies Speaks at Middle Distillates Conference

PMG Energies highlights the volatility and uncertainty dominating the commodities market as the Ukraine crisis continues to disrupt supply chains. European diesel prices are soaring, distillate cracks have reached their highest levels since 2008, and critical questions are emerging about replacing Russian diesel exports, which account for 56-60% of Europe's supply. Amid very low stocks of diesel and jet fuel, the industry is closely examining potential shifts in import flows from the Middle East and the US Gulf Coast.