Goldman Shifts Bet to Gasoline Amid Fuel Market Tightening
Goldman Sachs has changed its trading recommendation from diesel to gasoline due to tightening fuel markets.
The shift was made by analysts Yulia Zhestkova Grigsby and Daan Struyven in a recent note, citing that refiners are rapidly switching their output from gasoline to diesel.
This switch is causing tightness in global fuel markets, particularly in gasoline, which could lead to higher prices for the popular motor fuel.