EU Says Crude Supply Stable Despite High Diesel, Jet Fuel Prices; Refineries Running Near Maximum Capacity
JH Kim
Summary
- The European Union said crude supply across the bloc remains stable despite high diesel and jet fuel prices.
- The Oil Coordination Group said it found no supply problems after holding a meeting to review regional crude supply conditions.
- The European Union said regional refineries are operating at rates close to maximum capacity in response to market price signals.
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The European Union said crude supply across the bloc remains stable despite elevated diesel and jet fuel prices.
Walter Bloomberg reported on September 29 that the Oil Coordination Group held a meeting that day to review crude supply conditions in the region.
The EU said the review confirmed there were no supply problems even as diesel and jet fuel prices remained high.
It added that refineries across the bloc are operating at rates close to maximum capacity in response to market price signals.
JH Kim
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