market dynamics

Frazzled Diesel Market Faces More Distress

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The diesel market has little to no cushion as it confronts multiple challenges in the coming months. That dynamic has sent jet fuel prices sky-high just as spring and summer travel ramps up jet demand to the highest level in more than two years. The physical impact of sanctions on Russian supplies has been muted so far. Russian product exports were some 2.07 million barrels per day in March, but reports indicate the EU is considering a phased ban on Russian buying. With flows set to drop in coming weeks, middle distillate prices could stay at high altitudes well beyond the peak summer demand season.

Diesel/Gasoil, Oil Supply
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