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Diesel Margins Slide as G7 Announces 100 Million Barrel Stocks Release

The G7 announcement of a release of 100 million barrels of crude oil and diesel has pressured down middle distillate refinery margins, which had hit record highs last month.

  • G7 releases 100 million barrels of diesel, causing margin decline
  • ICE gasoil crack spreads drop to $70 per barrel from $85
  • Middle East tensions and Iran's improved ship targeting persist

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