Diesel Prices to Remain High in 2027 According to Goldman Sachs
Capacity constraints in refineries and declining inventories will lead to sustained high prices in fuel markets.
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Goldman Sachs officials forecast that diesel and jet fuel prices will remain high in 2027 due to refinery capacity constraints and decreasing inventories.
Price Expectations in 2027
According to projections shared by Goldman Sachs, the average barrel price of diesel and jet fuel in 2027 is expected to hover above $40.
This projected figure points to a cost increase that is double the current level of approximately $20.
Refinery Capacity Constraints
The bank expects refinery capacity outside of China to decrease by roughly 300,000 barrels per day.
In line with these developments, it is stated that negative refinery capacity growth will mark the year 2026.