# Global distillate refining margins plummet on weak demand

> Global distillate refining margins fell sharply on weak demand. Milder weather has reduced heating demand, and inventories are already high in the Northeast, the largest US heating oil market.

- Date: 2020-01-17 · published 2020-01-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12374-global-distillate-refining-margins-plummet-on-weak-demand
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker distillate margins signal lower refinery output incentives and softer diesel prices. Lower energy costs can ease transport and processing expenses for feed producers.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-08-28 | [Most refineries coming back online after Laura exits - FreightWaves](https://feedsoft.ai/events/51795-most-refineries-coming-back-online-after-laura-exits-freightwaves.md) | -4.2% | -6.3% |
| DIESEL | 2020-01-28 | [Weekly Energy Market Situation, January 27, 2020 - Fuels Market News](https://feedsoft.ai/events/12372-weekly-energy-market-situation-january-27-2020-fuels-market-news.md) | -5.8% | -6.1% |
| DIESEL | 2019-10-10 | [U.S. diesel prices hit three-year low as harvest delays feared - Grainews](https://feedsoft.ai/events/56770-u-s-diesel-prices-hit-three-year-low-as-harvest-delays-feared-grainews.md) | +1.5% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/article/global-products-distillate/global-distillate-refining-margins-plummet-on-weak-demand-idUSL4N29L4B1/

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