# As oil falters, fuel that drove bull run is cruising in Asia - The Business Times

> Asian diesel demand is strong on healthy economic growth, and spring refinery maintenance is expected to tighten regional diesel supplies. Refining margins in Asia from January surged to their highest since 2014, supported by China's winter gas shortage and US cold weather.

- Date: 2018-02-11 · published 2018-02-11T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/11358-as-oil-falters-fuel-that-drove-bull-run-is-cruising-in-asia-the-business-times
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tight regional diesel and strong refinery margins support fuel costs in Asia, which can lift freight and processing expenses. Crude weakness from US supply growth partly offsets this.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-04-29 | [Thailand inflation spike may tilt odds in favour of early rate hikes - The Business Times](https://feedsoft.ai/events/42084-thailand-inflation-spike-may-tilt-odds-in-favour-of-early-rate-hikes-the.md) | -13.3% | -22.6% |
| DIESEL | 2019-02-21 | [Paradigm shift coming for oil industry  - Business in Vancouver](https://feedsoft.ai/events/60797-paradigm-shift-coming-for-oil-industry-business-in-vancouver.md) | +0.3% | -0.5% |
| DIESEL | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +7.2% | +13.8% |
| DIESEL | 2022-05-19 | [Infra, cement cos feel pinch of falling rupee, realty counts on more sales \| Company News - Business Standard](https://feedsoft.ai/events/41692-infra-cement-cos-feel-pinch-of-falling-rupee-realty-counts-on-more-sales.md) | -1.3% | +14.5% |
| DIESEL | 2017-09-27 | [Surging Diesel Demand Is Underpinning Crude Oil’s Bull Market - Bloomberg](https://feedsoft.ai/events/69113-surging-diesel-demand-is-underpinning-crude-oil-s-bull-market-bloomberg.md) | -5.1% | -1.3% |
| WTI | 2020-05-11 | [The oil crash couldn’t have come at a better time for India’s rupee](https://feedsoft.ai/events/53410-the-oil-crash-couldn-t-have-come-at-a-better-time-for-india-s-rupee.md) | +19.0% | +54.4% |
| WTI | 2019-05-24 | [Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider](https://feedsoft.ai/events/9797-oil-falls-as-us-china-trade-war-demand-make-recipe-for-disaster-business-insider.md) | -2.1% | -1.6% |
| WTI | 2021-08-15 | [Ringgit hits 1-year low after cabinet resignation; may face pressure in coming months - The Business Times](https://feedsoft.ai/events/45817-ringgit-hits-1-year-low-after-cabinet-resignation-may-face-pressure-in-coming.md) | -8.9% | +3.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falters-fuel-drove-bull-run-cruising-asia

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.