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Refiners are adjusting to the post-IMO market, where a gasoline and diesel imbalance is emerging. Surging U.S. light crude production and a shift toward lighter, sweet crude grades yield less diesel and more gasoline.
Lower diesel yields tighten diesel supply relative to gasoline, which supports diesel prices and weighs on the gasoline crack spread. Diesel is a major input cost for feed transport and grain logistics.
reuters.comRon BoussoNov 19, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
