The Diesel Crisis Is Far From Over ...Middle East

OILPRICE - Economy
The Diesel Crisis Is Far From Over
source : OILPRICE ( Middle East ) () 56
Despite growing fears of a global economic slowdown, diesel supply continues to be a concern, and the situation may yet become even worse than it is now. Reuters' John Kemp wrote in his latest oil-buying column that hedge funds and other institutional traders had bought diesel contracts at the fastest rate since November 2020 last week, adding the equivalent of 9 million barrels to their holdings. Meanwhile, Bloomberg reported that demand for U.S. diesel specifically had hit the highest level in five years, and it may rise even further as we head…

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