From Asia to America, fuel prices pummelled by coronavirus fallout
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NEW YORK/LONDON/SINGAPORE (Reuters) - Prices and profit margins for motor and aviation fuels globally are under severe pressure from a plunge in demand as countries enforce lockdowns and airlines ground planes, forcing more refineries to reduce output.U.S. ultra-low sulphur diesel was the latest product refined from crude oil to take a hit in its cash market last week, after refiners boosted production in a bid to escape the poorer margins for other products harder hit by coronavirus..