Brazilian Refiners Boost Diesel Production Amid Global Energy Headwinds

Brazilian refiners processed more crude oil in July and shifted their output mix towards diesel, according to recent data. This change resulted in gasoil production reaching a 21-month high.

The increase in refining runs and diesel production is a significant development for the Brazilian energy market. However, it's worth noting that this trend may not be universally applicable, as record refining margins have failed to trigger usual increases in global refinery runs due to widespread outages.