# FreightWaves oil report: Valero's conference call had little good news on the impact of IMO 2020 - FreightWaves

> Valero officials said on their third-quarter earnings call that diesel spreads versus Brent have widened over recent weeks, and that IMO 2020 likely plays a role. The crack spread between Brent and ULSD averaged $21.66/bbl since October 1, versus $16.44 in the first half of the year.

- Date: 2019-10-26 · published 2019-10-26T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56765-freightwaves-oil-report-valero-s-conference-call-had-little-good-news-on-the
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expectations of stronger marine demand for low-sulfur distillate under IMO 2020 are lifting diesel prices relative to crude. That supports diesel-linked freight and fuel costs for feed mills and haulers.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-10-06 | [FreightWaves oil report: physical diesel markets strengthen; IMO 2020 link eyed - FreightWaves](https://feedsoft.ai/events/56766-freightwaves-oil-report-physical-diesel-markets-strengthen-imo-2020-link-eyed.md) | +3.3% | +1.8% |
| DIESEL | 2019-09-27 | [Port Report: truckers beware – IMO 2020 will cause fuel prices to “go through the roof” - FreightWaves](https://feedsoft.ai/events/57266-port-report-truckers-beware-imo-2020-will-cause-fuel-prices-to-go-through-the.md) | -3.9% | +1.9% |
| DIESEL | 2019-01-05 | [The FreightWaves oil report: Mexico steps in with a new chunk of low sulfur diesel demand - FreightWaves](https://feedsoft.ai/events/12482-the-freightwaves-oil-report-mexico-steps-in-with-a-new-chunk-of-low-sulfur.md) | +6.0% | +7.5% |
| DIESEL | 2019-05-08 | [How trucking can mitigate risks of IMO 2020 marine fuel rule - FreightWaves](https://feedsoft.ai/events/59257-how-trucking-can-mitigate-risks-of-imo-2020-marine-fuel-rule-freightwaves.md) | +1.1% | -12.7% |
| DIESEL | 2018-10-21 | [IMO2020 watch: looking to refineries and shipowners to respond to economic incentives - FreightWaves](https://feedsoft.ai/events/62733-imo2020-watch-looking-to-refineries-and-shipowners-to-respond-to-economic.md) | -0.1% | -9.9% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/freightwaves-oil-report-valeros-conference-call-had-little-good-news-on-the-impact-of-imo-2020

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