Diesel Trades at Record Premium to Crude Oil, With Upcoming Maintenance Offering Continued Support
Since bottoming at $2.23/gal in May, Prompt NYMEX ULSD (HO) has rallied ~$1.07 to end the week at $3.30, following crude in making 2023 high
As Air Traffic Continues to Recover, Jet Fuel Price Gains Outpace Oil and Gasoil
After years of disruption caused by pandemic policy and war, it appears as though passenger traffic has normalized.
A Year After Making Highs, Crude Oil Prices May Have Found Support
Now that supply chains have adjusted, we should be able to observe whether fundamentals are supportive of crude oil prices.
A Mix of Technical Factors Contributed to the Break in Momentum, With More Volatility Possible
The down week was not very surprising given the mix of indicators that were followed by weak economic data.
The Pace of Change in Crude Oil Storage is Starting to Look Supportive
Global storage is down >16mm bbls through the end of July, and outside of China like the start of a trend.
Are Air Traffic and Jet Fuel Prices Supporting Expectations for Higher Prices?
Air traffic notches upward in key regions, & cracks support greater distillate runs, suggesting a supportive contribution to demand number..
Month-end Approaches
With options expiration mid-week and futures rolling to the October contract, exposure levels offer insight into this week's trading ranges.
Diesel Market Positioned for Inventory Draws and Exports
Diesel Market Positioned for Inventory Draws and Exports - he authors of the EIA’s most recent Short Term Energy Outlook (STEO)...
This Year’s Responses to the Dallas Fed Survey Standout from Years Past
Bullish price sentiment paired with frustrations about fundamental conditions and uncertainties.
Diesel Prices Have Softened Significantly as the Risk Premium has Dwindled
Still high by historical standards, ULSD has failed to reach the catastrophic highs forecast by inventory watchers during 2022.
