# Paradigm shift coming for oil industry  - Business in Vancouver

> Business in Vancouver reports that IMO caps on shipping pollution will likely raise diesel prices and lower the price of crude oil. Refiners with complex heavy-oil capacity are expected to benefit, while Alberta producers may see wider discounts. IHS Markit projects diesel demand up 1.2 million barrels per day in 2020 over 2018.

- Date: 2019-02-21 · published 2019-02-21T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/60797-paradigm-shift-coming-for-oil-industry-business-in-vancouver
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Stronger diesel demand and weaker crude for some producers reshape refinery margins, with higher diesel costs for trucking and farm fuel buyers.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-05-01 | [A price paradigm shift for corn is coming, analyst says](https://feedsoft.ai/events/53157-a-price-paradigm-shift-for-corn-is-coming-analyst-says.md) | +23.8% | +86.1% |
| WTI | 2020-03-13 | [U.S. ethanol industry 'bleeding' on oil collapse, coronavirus](https://feedsoft.ai/events/54132-u-s-ethanol-industry-bleeding-on-oil-collapse-coronavirus.md) | -20.3% | -27.5% |
| WTI | 2019-05-24 | [Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider](https://feedsoft.ai/events/9797-oil-falls-as-us-china-trade-war-demand-make-recipe-for-disaster-business-insider.md) | -2.1% | -1.6% |
| WTI | 2020-02-26 | [Oil plunges deeper into bear market on coronavirus fallout \| CNN Business](https://feedsoft.ai/events/54751-oil-plunges-deeper-into-bear-market-on-coronavirus-fallout-cnn-business.md) | -5.2% | -55.9% |
| WTI | 2018-02-11 | [As oil falters, fuel that drove bull run is cruising in Asia - The Business Times](https://feedsoft.ai/events/11358-as-oil-falters-fuel-that-drove-bull-run-is-cruising-in-asia-the-business-times.md) | +4.4% | +3.6% |
| DIESEL | 2018-02-11 | [As oil falters, fuel that drove bull run is cruising in Asia - The Business Times](https://feedsoft.ai/events/11358-as-oil-falters-fuel-that-drove-bull-run-is-cruising-in-asia-the-business-times.md) | +2.9% | +0.2% |
| DIESEL | 2020-11-09 | [Oil soars 8.5% on promising Covid-19 vaccine results](https://feedsoft.ai/events/11791-oil-soars-8-5-on-promising-covid-19-vaccine-results.md) | +5.1% | +22.2% |
| DIESEL | 2022-05-19 | [Infra, cement cos feel pinch of falling rupee, realty counts on more sales \| Company News - Business Standard](https://feedsoft.ai/events/41692-infra-cement-cos-feel-pinch-of-falling-rupee-realty-counts-on-more-sales.md) | -1.3% | +14.5% |

## Sources

- biv.com: https://www.biv.com/news/resources-agriculture/paradigm-shift-coming-oil-industry-8255343

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