Diesel, marine gasoil, and jet fuel , collectively known as middle distillate, account for more than a third of global oil consumption. They are used in road transportation, shipping, aviation, and manufacturing, middle distillates are more closely linked to economic growth than any other section of the oil products market.
Diversified Gas & Oil Plc (LON:DGO) owns and operates gas and oil producing wells in the Appalachian Basin in the United States. The Company’s operations are based in the neighbouring states of Pennsylvania, Ohio and West Virginia, which cover part of the largest and oldest hydrocarbon producing field in the US, known as the Appalachian Basin.
