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The US diesel market is weakening as the COVID-19 downturn cuts demand, with the four-week average product supplied near 3.9 million b/d, the lowest for early April since 2016. Weekly diesel demand fell 28% and diesel refining margins dropped to $18.43 per barrel.
Falling diesel consumption and refining margins point to lower diesel prices and reduced refinery runs, a bearish signal for distillate-linked energy costs.
hydrocarbonprocessing.com17 de abr. de 2020Após 79 eventos baixista de macro passados, ULSD / Diesel subiu em mediana -1,0% em 5 sessões (39% de alta; metade central de -5,7% a +1,7%), e -1,5% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Weak US diesel demand (down 28% weekly) and shrinking refining margins gave a fundamental demand-side reason for diesel to fall.
Weak US diesel demand and shrinking refining margins before the move reflected a fundamental demand backdrop that left diesel vulnerable to the crude shock.
