Loading…
Vortexa reports that global diesel markets are well supplied, with Atlantic Basin imports falling in May while Pacific Basin exports ramp up. Diesel cracks remain elevated and new East of Suez refinery start-ups add supply.
Global diesel oversupply and pressured US Gulf Coast margins point to continued softness in diesel prices, which keeps freight and energy input costs contained.
vortexa.comMay 30, 2024Not 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.
