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Wood Mackenzie reports US East Coast distillate fundamentals are tightening ahead of winter and the IMO 2020 bunker regulation change. It is the first part of a three-part series on the implications.
Tighter distillate balances support diesel prices, which can lift freight costs and raise demand for biofuel feedstocks such as soyoil.
woodmac.comWood MackenzieNov 12, 2019After 105 past bullish macro events, DIESEL moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
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.
