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Diesel and middle distillate premiums have fallen to some of the lowest levels in two years as fears of an IMO 2020 shortage recede. Fuel traders and shipowners have prepared for the switch from high-sulfur fuel oil to low-sulfur alternatives.
Lower distillate premiums point to easing fuel cost pressure, which is bearish for diesel-linked freight. The market has largely priced out the IMO shortage risk.
reuters.comJohn KempDec 2, 2019Not 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.
