Oil Refiners Find a Little Bright Spot in Europe Too Hot to Heat

  • Glut of gasoil used for heating hits record amid mild weather
  • Temperatures seen boosting motorists' consumption of gasoline

Warm Winter Hits European Heating Oil Refineries

Europe’s balmy weather is presenting oil refineries with such an awful market for heating fuel that tankers bringing supplies from the U.S. are doing mid-Atlantic U-turns because their cargoes aren’t wanted. The same mild winter is, in part, helping to bring one little bright spot: gasoline.

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