
Valero officials said on their third-quarter earnings call that diesel spreads versus Brent have widened over recent weeks, and that IMO 2020 likely plays a role. The crack spread between Brent and ULSD averaged $21.66/bbl since October 1, versus $16.44 in the first half of the year.
Expectations of stronger marine demand for low-sulfur distillate under IMO 2020 are lifting diesel prices relative to crude. That supports diesel-linked freight and fuel costs for feed mills and haulers.
Setelah 90 peristiwa kebijakan bullish sebelumnya, ULSD / Solar bergerak median +1,4% selama 5 sesi (66% lebih tinggi; separuh tengah -1,9% sampai +4,1%), dan +0,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.