Dow Jones 1:00 PM Averages
Dow Jones2026/08/07 17:00Dow Jones 1:00 PM Averages
Number of Stocks | Index Label | Price | Up/Down | Net Change | Percent Change 30 INDUS 53,954.26 UP 69.16 OR 0.13% 20 TRANSP 21,637.76 UP 213.66 OR 1.00% 15 UTILS 1,104.98 UP 7.58 OR 0.69% 65 STOCKS 17,045.68 UP 71.22 OR 0.42%
(END) Dow Jones Newswires
August 07, 2026 13:00 ET (17:00 GMT)
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Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.
According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.
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