Diesel shortage

[shtferbrains]

I feel some small comfort in knowing there is someone monitoring where all those thousands of shoulder fired anti aircraft missles end up.

Very valuable to terrorists as they do create a lot of terror if they were used on commercial airliners in high visibility situations.
Seems almost inevitable.

[errolanderson]

Good news . . . crack in diesel prices this week. WTI crude oil quick 8% pullback. China lockdown partial factor pressuring oil. Global demand sliding to OPEC's chagrin.

[wheatking16]

Good news . . . crack in diesel prices this week. WTI crude oil quick 8% pullback. China lockdown partial factor pressuring oil. Global demand sliding to OPEC's chagrin.

ULSD Futures attempting a break of the trendline from November 2020.

We need confirmation, starting with a weekly close below the trendline; however, this is a start.

The chart suggests the potential for a 35% pullback.

First Things First.

[TOM4CWB]

Harvest is winding up in the US, significantly less demand for diesel.

Barges moving on Mississippi reducing truck traffic, as is recession in US and Canada,

Warm US October and November so far, reducing heating fuel demand;

EU also warm, reducing fuel demand (LNG surplus from reduced demand)

26 days diesel inventory on hand now, vs 34 normally now on US, recovering New York ULS Diesel down 8 cents per gallon today, refinery shut downs ending…

Chinese demand still weak as Covid resurgence in China…

Container freight and shipping caught up, less air freight traffic…

Cheers

[zeefarmer]

[jazz]

Guess I will use my EV 4wd this yr.

[TASFarms]

Coop Regina is supposed to right to the lid