العربية
Aramco Chose Refining Over Crude Exports. The Diesel Margin Is Part of the Reason
16 October 2026

Contents

  • Executive summary
  • The question
  • Why the diesel margin stays high
  • Aramco's crude prices did not capture it
  • Aramco's refineries did
  • The pipeline decides
  • The windfall became a target
  • What it means for Saudi Arabia
  • The tests ahead

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