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MNI Commodity Weekly - Diesel Margins on Downward Trajectory

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aerial photography of tanker ship

Executive Summary:

Diesel Margins Continue Downward Trajectory: Diesel margins in Europe and the US have drifted to the lowest level in over one year as demand concerns and returning supplies have weighed on margins ahead of the start of the US driving season.

Oil Market: Crude has drifted lower over the last week as market focus shifts from supply issues and OPEC cuts to global demand growth concerns and high Russian exports.

Gas Market: TTF has seen some support since 14 April due to a cooler shift in the weather forecast and Norwegian field maintenance resulting in sluggish storage injections.

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