Global Diesel Stock Builds Not As High As Feared ...Middle East

OILPRICE - Economy
Global Diesel Stock Builds Not As High As Feared
source : OILPRICE ( Middle East ) () 37
The global manufacturing and industrial slowdown this year has been evident in weaker diesel and gasoil demand, which has raised distillate inventories across regions and economies.  The sentiment in middle distillate markets flipped from fears of critical shortages at the end of last year to fears of oversupply for the rest of this year, which have weighed on refining margins and crude oil prices.  Distillate stocks have been rising, but they are still below the 10-year averages for this time of the year in key markets, including the…

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