Diesel Shortage - April 12
Posted: Tue Apr 12, 2022 12:46 pm
This is a big deal. This world runs on diesel.
From OilPrice.com
- Whilst Asia’s tight inventories might be alleviated in the long run by China’s lockdowns, US diesel inventories continue to plummet despite being at 4-year lows already, leaving only India and the Middle East as potential sources of incremental diesel supply.
- Whilst Russian diesel exports did drop some 100,000 b/d month-on-month in March, trending around 650,000 b/d, outflows are still largely uninterrupted compared to the expectations.
- Nevertheless, diesel stocks in NW Europe remain depressed, roughly half of what they were this time of the year in 2021 and might continue declining amidst refinery maintenance in the region.
From OilPrice.com
- Whilst Asia’s tight inventories might be alleviated in the long run by China’s lockdowns, US diesel inventories continue to plummet despite being at 4-year lows already, leaving only India and the Middle East as potential sources of incremental diesel supply.
- Whilst Russian diesel exports did drop some 100,000 b/d month-on-month in March, trending around 650,000 b/d, outflows are still largely uninterrupted compared to the expectations.
- Nevertheless, diesel stocks in NW Europe remain depressed, roughly half of what they were this time of the year in 2021 and might continue declining amidst refinery maintenance in the region.