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An Energy Intelligence market review says diesel has lost momentum after two years of high refinery profits following Russia's invasion of Ukraine. Warm weather ended the winter price rally, and signs point to possible structural softness in global diesel.
Structural softness in diesel suggests lower fuel and freight costs ahead, a modest bearish signal for energy-linked farm and feed logistics.
energyintel.comAuthor John van Schaik, New York Editor Paul MerolliApr 25, 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.
