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.
Na 26 eerdere opwaarts handel-gebeurtenissen bewoog ULSD / Diesel zich mediaan -1,9% over 5 sessies (31% hoger; middelste helft -5,6% tot +1,6%), en -4,8% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.