Refining sector to benefit from higher GRMs amid widening spreads

A view of the newly-commissioned Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. — ReutersCrude-HSD spread rises to ~$55/bbl; crude-MS gap at ~$10/bbl.Historical average crude-product spread is $25–$30 per barrel.Feb 2026 refinery throughput…