Oil Markets

Diesel Prices Hit New Post-Sanctions High

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Oil prices leapt across the board after Saudi Arabia and Russia confirmed they would extend production and export cuts until the end of the year. De facto diesel benchmark ICE low-sulfur gasoil (LSGO) futures spiked as the Opec-plus supply cuts threatened to choke off badly needed winter fuel production.

Crude Oil, Oil Spot Markets, Oil Trade, Oil Products
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China's August oil demand picked up slightly from a five-month low in July. January-August oil demand rose 13% versus the same period of 2022.
Mon, Sep 25, 2023
A significant delay would have a fairly modest impact on spreads, as crude oil transportation capacity in Canada has expanded in recent years.
Thu, Sep 21, 2023