Loading…
Global fuel traders and executives are preparing for higher volatility as refiners process more light crude ahead of new rules cutting sulfur in marine fuel. The rules aim to reduce the use of high-sulfur fuel oil.
Upcoming marine fuel sulfur rules are expected to shift refinery output toward diesel, which could tighten diesel supply and lift prices.
reuters.comLiz HamptonMar 8, 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.
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.
