Goldman Sachs Steps Up Warnings on Diesel as Wars Curb Flows

Goldman Sachs Group Inc. stepped up warnings of tightness in global refining driven by wars in the Middle East and between Moscow and Kyiv, with the bank more than doubling...

By Nicholas Lua · Bloomberg Markets

Goldman Sachs Group Inc. stepped up warnings of tightness in global refining driven by wars in the Middle East and between Moscow and Kyiv, with the bank more than doubling its forecasts for profits from making diesel.