# Reaction in the diesel market to IMO 2020 is still to come: Platts - FreightWaves

> S&P Global Platts says the diesel market has not yet reacted to IMO 2020, and expects gasoil demand to rise as ships switch to marine gasoil in January. Platts estimates MGO demand could increase by up to 1 million barrels per day during the transition.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55751-reaction-in-the-diesel-market-to-imo-2020-is-still-to-come-platts-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A possible 1 million b/d jump in marine gasoil demand could strain over-the-road diesel supply and lift diesel prices. This is a bullish forward risk for diesel costs.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-01-07 | [Diesel market in 2021: Something closer to normalcy likely on tap - FreightWaves](https://feedsoft.ai/events/49327-diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap-freightwaves.md) | +4.6% | +11.6% |
| DIESEL | 2019-03-18 | [The outlook of one energy economist for IMO2020: chaos in the diesel market - FreightWaves](https://feedsoft.ai/events/60275-the-outlook-of-one-energy-economist-for-imo2020-chaos-in-the-diesel-market.md) | -0.0% | +5.3% |
| DIESEL | 2019-06-23 | [Connecting all the bones to project what will happen when IMO2020 hits the market - FreightWaves](https://feedsoft.ai/events/58769-connecting-all-the-bones-to-project-what-will-happen-when-imo2020-hits-the.md) | +1.2% | -0.8% |
| DIESEL | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | -0.4% | +7.0% |
| DIESEL | 2022-06-14 | [Diesel prices: The loss of US refining capacity is making things worse - FreightWaves](https://feedsoft.ai/events/41119-diesel-prices-the-loss-of-us-refining-capacity-is-making-things-worse.md) | +1.9% | -13.9% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/reaction-in-the-diesel-market-to-imo-2020-is-still-to-come-platts

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.