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Energy analysts expect low-sulfur diesel prices to surge as the IMO 0.5% sulfur mandate takes effect in January 2020. Ocean carriers that use about 4 million barrels of diesel a day must switch fuels, and refinery capacity may not be able to meet demand in time.
Expected shortfalls in low-sulfur distillate supply could push diesel prices sharply higher in early 2020. That would raise fuel and freight costs across feed supply chains.
ttnews.comDan RonanOct 23, 2019After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% 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.
