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Global diesel stockpiles have slumped, with US and Singapore inventories at multiyear seasonal lows and northwest Europe stocks 40% below the five-year average. Refinery output cuts in Europe, US gasoline prioritisation, and a Chinese export quota cut have all tightened supply.
Tight distillate stocks make prices sensitive to demand surprises or refinery outages, raising fuel and freight costs for feed buyers. The vulnerability to sharp spikes supports higher diesel prices in the near term.
ttnews.comJack WittelsJan 27, 2022Not enough comparable past events yet for a historical read.
Not 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.
