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Vortexa analysts report that global diesel inventories are near historic lows at the ARA hub, Fujairah and Singapore. Refinery runs are constrained by high operating costs and upcoming maintenance, and high natural gas prices are limiting output.
Constrained refinery runs and low stocks point to further diesel price upside, which would raise freight and processing costs for feed. The mechanism is supply-driven and could tighten the market further in coming weeks.
vortexa.comVortexa AnalystsJan 18, 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.
