# Oil market roiled by too much gasoline, not enough diesel: Kemp

> Global oil markets are oversupplied with gasoline while middle distillates like diesel are tight, opening a wide price gap between the two fuels. US gasoline for June 2019 traded only about $7/bbl over Brent versus an $18/bbl premium for low-sulfur distillate. Refiners are running high crude volumes, creating the gasoline glut.

- Date: 2018-11-16 · published 2018-11-16T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9531-oil-market-roiled-by-too-much-gasoline-not-enough-diesel-kemp
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Refiners maximizing distillate output supports diesel prices and freight costs, while the upcoming IMO bunker fuel rules are expected to add further demand for middle distillates from 2020.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- DIESEL: bullish ▲

## Sources

- admin.hydrocarbonprocessing.com: https://admin.hydrocarbonprocessing.com/news/2018/11/oil-market-roiled-by-too-much-gasoline-not-enough-diesel-kemp/

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