US diesel refining economics remain firm despite Iran war truce

After 105 past bullish macro events, DIESEL moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.

• Jun 18, 2021US Trucking Boom Contributes to Rising Demand for Diesel - TT+4.7%
• Oct 5, 2023US manufacturing rebound will stretch diesel supplies | Reuters-0.9%
• Jun 14, 2022Diesel prices: The loss of US refining capacity is making things worse - FreightWaves+1.9%
• Aug 19, 2026U.S. Refiners Capitalize as Buyers Vie for Shrinking Diesel Supply - WSJ-6.3%
• Jul 28, 2017China diesel demand expected to return to growth as economy improves+2.1%

After 102 past neutral macro events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.

• Jun 14, 2022Diesel prices: The loss of US refining capacity is making things worse - FreightWaves-8.6%
• Nov 25, 2023Ringgit likely to trade range-bound next week ahead of US economic data | Scoop-1.7%
• Feb 8, 2023Japan current account surplus shrinks sharply as weak yen, trade deficits bite | Reuters+2.5%
• Sep 30, 2020Arab News | Oil prices ‘likely to remain static despite output cuts’+3.7%
• Jul 29, 2021Valero sees favorable refining margins for 2021 as it hikes renewable diesel output | S&P Global-5.8%