# Offshore Oil Investments Crucial to Avoid Shortages in 2020: Hess - Ship & Bunker

> Hess warns offshore oil investment is needed to avoid shortages by 2020, while European diesel benchmarks have surged above $550 per metric ton for the first time since July 2015. Bloomberg notes strong demand and refinery outages have drained diesel stocks.

- Date: 2017-10-04 · published 2017-10-04T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68650-offshore-oil-investments-crucial-to-avoid-shortages-in-2020-hess-ship-and-bunker
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tight diesel stocks and strong demand point to higher fuel costs for shipping and farm logistics, while long-term supply concerns support crude prices.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-09-28 | [Oil Market Split Shows Why Fuel Shortages Are Outpacing Crude Supply \| Investing.com PH](https://feedsoft.ai/events/17634-oil-market-split-shows-why-fuel-shortages-are-outpacing-crude-supply-investing.md) | -4.7% | +5.3% |
| DIESEL | 2026-05-22 | [Brent’s $100 Forecast May Understate the Risk of a Tighter Oil Market \| Investing.com AU](https://feedsoft.ai/events/19433-brent-s-100-forecast-may-understate-the-risk-of-a-tighter-oil-market-investing.md) | -9.5% | -20.7% |
| DIESEL | 2019-02-21 | [Paradigm shift coming for oil industry  - Business in Vancouver](https://feedsoft.ai/events/60797-paradigm-shift-coming-for-oil-industry-business-in-vancouver.md) | +0.3% | -0.5% |
| 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 | 2019-12-11 | [Reaction in the diesel market to IMO 2020 is still to come: Platts - FreightWaves](https://feedsoft.ai/events/55751-reaction-in-the-diesel-market-to-imo-2020-is-still-to-come-platts-freightwaves.md) | +3.5% | -0.9% |
| BRENT | 2026-09-28 | [Oil Market Split Shows Why Fuel Shortages Are Outpacing Crude Supply \| Investing.com PH](https://feedsoft.ai/events/17634-oil-market-split-shows-why-fuel-shortages-are-outpacing-crude-supply-investing.md) | +7.0% | +11.2% |
| BRENT | 2018-07-24 | [Crude oil market gets whiplash, investors should expect more volatility](https://feedsoft.ai/events/64202-crude-oil-market-gets-whiplash-investors-should-expect-more-volatility.md) | +2.4% | -2.2% |
| BRENT | 2026-03-17 | [USD/THB: BofA raises Thailand baht forecast on oil shock, tourism weakness By Investing.com](https://feedsoft.ai/events/20444-usd-thb-bofa-raises-thailand-baht-forecast-on-oil-shock-tourism-weakness-by.md) | +1.2% | +5.4% |

## Sources

- shipandbunker.com: https://shipandbunker.com/news/am/820383-offshore-oil-investments-crucial-to-avoid-shortages-in-2020-hess

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