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Bloomberg reports that Asian diesel demand is strong, supported by economic growth and spring refinery maintenance that is tightening supply. Refining margins in Asia from diesel production hit their highest since 2014 in January.
Oil investors are concerned about rising US crude output, which is weighing on crude prices.
Tight Asian diesel supply and high refining margins support diesel prices, while rising US crude output pressures crude. Diesel and crude are therefore moving in different directions.
energyvoice.comMark LammeyFeb 12, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
