U.S. refiners slashed gasoline output in response to lockdown: Kemp – ZAWYA

U.S. refiners slashed gasoline output in response to lockdown: Kemp – ZAWYA

U.S. refiners slashed gasoline output in response to lockdown: Kemp | ZAWYA MENA Edition HomeArticleU.S. refiners slashed gasoline output in response to lockdown: Kemp Consumption of all three major fuels fell sharply in April    An employee fills a car with petrol at a gas station in Jammu July 1, 2009. (John Kemp is a Reuters market analyst. The views expressed are his own)LONDON- Faced with an unprecedented collapse in gasoline consumption during the most intense period of lockdown, U.S. refiners responded by slashing crude intake and curbing conversion processes used to boost gasoline yields.But the extraordinary operating changes introduced during the emergency left refiners with a legacy of too much diesel, which is still weighing down diesel prices worldwide, and will have to be eliminated over the next few months.LONDON- Faced with an unprecedented collapse in gasoline consumption during the most intense period of lockdown, U.S. refiners responded by slashing crude intake and curbing conversion processes used to boost gasoline yields.(John Kemp is a Reuters market analyst. The views expressed are his own)But the extraordinary operating changes introduced during the emergency left refiners with a legacy of too much diesel, which is still weighing down diesel prices worldwide, and