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A large inflow of record ultra-low-sulfur diesel from Asia and the Middle East is arriving in the Atlantic Basin on clean-tank VLCCs. Six VLCCs are carrying diesel to Europe and Africa in July, filling demand that U.S. exporters would otherwise supply.
Lower U.S. diesel export demand weighs on Gulf Coast diesel prices, which eases fuel costs for U.S. feed logistics.
energyintel.comJul 11, 2019After 28 past bearish trade events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -5.0% to +1.7%), and +0.9% 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.
