Increasing diesel supply, poor demand and the end of European turnarounds in April leads to a bearish view on both diesel and jet globally
    Increasing diesel supply, poor demand and the end of European turnarounds in April leads to a bearish view on both diesel and jet globally
    News

    Increasing diesel supply, poor demand and the end of European turnarounds in April leads to a bearish view on both diesel and jet globally

    20 March 2024

    In our latest distillate market commentary:
    > USGC arb to Europe opens whilst AG/WCI arbs point there also
    > Record levels, or close to record levels, of South Korean diesel tenders in April
    > Global diesel spreads exhibit losses whilst cracks stabilise in large part due to Russian refinery drone strikes
    > US and European diesel demand struggle whilst stocks and marginal supply rise
    > Asia perhaps to find a floor when their turnarounds start in mid-April, Europe and the US feel decidedly bearish
    Read Full Commentary
    Powered by