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Multi-year highs in global gasoil margins are attributed to tight supplies and winter heating demand. Strong jet fuel prices have also reduced the middle distillate available for diesel blending.
Tighter distillate supply lifts diesel and gasoil costs, which feed through to freight and processing expenses for feed buyers. The jet fuel competition adds another source of upward pressure.
reuters.comMohi Narayan, Roslan Khasawneh, Ron BoussoJan 21, 2022Not 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.
