A massive surge in diesel fuel demand this year has been the main driver for higher crude oil consumption in 2017 along with buying to fill up strategic petroleum reserves, an executive from oil major Royal Dutch Shell said on Tuesday. Diesel demand for 2017 is making up about 50 percent of the year-on-year demand growth in oil products after only making up 27 percent of the increase in last year’s consumption, said Mike Muller, Shell’s vice president of crude trading and supply, at an industry conference in Singapore. In 2016, gasoline and other oil products pushed demand higher, he said. The recent hurricane that shut down refiners along the Gulf Coast of the United […]