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Global seaborne diesel flows are rising and could hit a record above 8 million b/d in July. Demand in Europe remains below pre-pandemic levels and middle distillate stocks are building, pressuring diesel cracks.
A structural diesel surplus with weak margins tends to weigh on diesel prices and refinery economics, with limited upside until demand recovers.
vortexa.comVortexa AnalystsJul 21, 2021Not 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.
