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Canadian reporting says the IMO 2020 sulfur limit for marine fuel will push many ships to switch to diesel, potentially producing the strongest-ever diesel demand. A CIBC analyst expects diesel prices to rise around 30% or more, which could raise airfares and inflation.
Expected diesel demand from ship fuel switching would raise the cost of trucking and farm inputs, adding to feed logistics costs.
cbc.caKyle Bakx, Meegan ReadOct 29, 2018After 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.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), 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.
