Free Trial
NZD

Gains As Equity Rally Continues

USDCAD TECHS

Bear Threat Still Present

US TSYS

Rates, Stocks, Metals Stronger, Bitcoin Rout

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Diesel Leading the Refined Product Complex as Other Products Lag

OIL PRODUCTS

Global diesel liftings setting global records – major refining sectors focused on diesel production.

  • Overall oil demand continues to disappoint, led by naphtha, but increasingly also gasoline and jet/kero. As for diesel, Vortexa data sees some strong pockets of surging imports that may be related to actual consumption, i.e. South America or Australia.
  • Additionally Vortexa has observed a huge yield shift to diesel, as illustrated by product exports from key refining hubs. Diesel liftings from the US Gulf, Europe, and NE/SE Asia over July and August stood at 6.4mbd, up by close to 1.5mbd or 30% from a low point in Jan/Feb this year. All other product liftings were essentially unchanged.

111 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Global diesel liftings setting global records – major refining sectors focused on diesel production.

  • Overall oil demand continues to disappoint, led by naphtha, but increasingly also gasoline and jet/kero. As for diesel, Vortexa data sees some strong pockets of surging imports that may be related to actual consumption, i.e. South America or Australia.
  • Additionally Vortexa has observed a huge yield shift to diesel, as illustrated by product exports from key refining hubs. Diesel liftings from the US Gulf, Europe, and NE/SE Asia over July and August stood at 6.4mbd, up by close to 1.5mbd or 30% from a low point in Jan/Feb this year. All other product liftings were essentially unchanged.