At the IRPC 2017 conference in New Delhi, a Kuwait Petroleum International engineer forecast that China and India will drive more than 45% of global oil product demand growth. He also said 5.4 million barrels per day of refining capacity will close by end-2017, including 2.2 million in Europe.
He expects Europe to import more diesel from the Middle East, North America and Russia.
European diesel import needs and refinery closures could tighten distillate balances and support diesel cargo premiums. The shift in trade flows matters for freight and fuel costs in feed logistics.
Setelah 26 peristiwa perdagangan bullish sebelumnya, ULSD / Solar bergerak median -1,9% selama 5 sesi (31% lebih tinggi; separuh tengah -5,6% sampai +1,6%), dan -4,8% 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.