# The FreightWaves oil report: Mexico steps in with a new chunk of low sulfur diesel demand - FreightWaves

> Mexico began requiring ultra low sulfur diesel with 15 ppm sulfur for all diesel use, which is expected to add 150,000 to 180,000 barrels per day of ULSD demand. Most of that supply is expected to come from the US, which already ships 250,000 to 300,000 barrels per day of diesel to Mexico.

- Date: 2019-01-05 · published 2019-01-05T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/12482-the-freightwaves-oil-report-mexico-steps-in-with-a-new-chunk-of-low-sulfur
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sudden jump in US diesel export demand tightens distillate supply already strained by refinery utilization near 95%. That supports diesel prices and raises freight and processing costs for feed buyers.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-10-06 | [FreightWaves oil report: physical diesel markets strengthen; IMO 2020 link eyed - FreightWaves](https://feedsoft.ai/events/56766-freightwaves-oil-report-physical-diesel-markets-strengthen-imo-2020-link-eyed.md) | +3.3% | +1.8% |
| DIESEL | 2019-10-26 | [FreightWaves oil report: Valero's conference call had little good news on the impact of IMO 2020 - FreightWaves](https://feedsoft.ai/events/56765-freightwaves-oil-report-valero-s-conference-call-had-little-good-news-on-the.md) | -2.5% | -2.3% |
| DIESEL | 2021-03-05 | [OPEC stuns by opting not to raise output; was diesel a reason? - FreightWaves](https://feedsoft.ai/events/48282-opec-stuns-by-opting-not-to-raise-output-was-diesel-a-reason-freightwaves.md) | +3.2% | -3.7% |
| DIESEL | 2019-09-27 | [Port Report: truckers beware – IMO 2020 will cause fuel prices to “go through the roof” - FreightWaves](https://feedsoft.ai/events/57266-port-report-truckers-beware-imo-2020-will-cause-fuel-prices-to-go-through-the.md) | -3.9% | +1.9% |
| DIESEL | 2021-04-21 | [Renewable fuel requirements threaten to play bigger role in diesel price - FreightWaves](https://feedsoft.ai/events/47457-renewable-fuel-requirements-threaten-to-play-bigger-role-in-diesel-price.md) | +1.6% | +9.6% |
| WTI | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.6% | +1.1% |
| WTI | 2017-06-05 | [OPEC negotiates oil cut with non-members \| The Economic Times](https://feedsoft.ai/events/70398-opec-negotiates-oil-cut-with-non-members-the-economic-times.md) | -3.9% | -3.5% |
| WTI | 2020-08-19 | [Indonesia mulls palm oil levies increase to support biodiesel plans](https://feedsoft.ai/events/51467-indonesia-mulls-palm-oil-levies-increase-to-support-biodiesel-plans.md) | +0.8% | -6.3% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/energy-mexico-diesel-demand-oil

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