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A weekly energy update says ultra-low-sulfur diesel now makes up 95% of the US distillate fuel pool. It notes that diesel use and price depend on weather expectations, and that natural gas injections were below the five-year average for an eighth straight week.
Weather-driven diesel demand and natural gas levels shape energy costs for transport and processing, with only a modest direct effect on feed commodity prices.
fuelsmarketnews.comKeith ReidAug 27, 2018After 11 past neutral macro events, ULSD / Diesel moved a median +1.8% over 5 sessions (64% higher; middle half -0.6% to +4.1%), and +3.9% over 20.
After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.
