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Diesel Cracks Lower On Demand Concerns and Increased Supply

OIL PRODUCTS

Diesel is again lower in Asia, Europe and US on concerns for lower demand, refining focus on diesel production and a potential increase in product exports from China.

  • Diesel cracks spreads continue lower today following drops of between 16$/bbl and 20$/bbl since last week.
  • Gasoline margins are also down today although have held relatively steady this week after falling considerably during August on disappointing summer demand.

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Diesel is again lower in Asia, Europe and US on concerns for lower demand, refining focus on diesel production and a potential increase in product exports from China.

  • Diesel cracks spreads continue lower today following drops of between 16$/bbl and 20$/bbl since last week.
  • Gasoline margins are also down today although have held relatively steady this week after falling considerably during August on disappointing summer demand.

Keep reading...Show less