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Diesel markets did not experience the feared spillover from the IMO 2020 marine fuel rule that took effect January 1. Ample distillate supply and the pandemic-driven demand drop kept diesel prices from being pushed up by VLSFO production.
The absence of a diesel squeeze from IMO 2020 means the fuel cost outlook for feed freight was not raised by that rule. Diesel prices stayed driven by the broader demand and inventory picture.
freightwaves.comJohn KingstonDec 28, 2020Not 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.
