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Energy Intelligence reports that no more diesel or jet tankers are being fixed from Europe to the US as refiners restart after Hurricanes Harvey and Irma. Brokers expect normal US diesel exports to Europe will not resume until at least November.
Reduced export flows keep US diesel tight and support European prices. Price implication is firmer diesel.
energyintel.comSep 20, 2017After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% 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.
