- Brent crude hit $85 for the first time since 2018 Friday morning
- Oil prices are experiencing upward pressure lately as a shortage of coal and gas is triggering extra demand for oil products from the power market
- China’s refiners will look to import more diesel as domestic prices skyrocket (Bloomberg)
- Diesel prices are at a three-year high in parts of China on expectations for more gas to oil switching
- Pricey domestic supplies relative to imported cargoes have opened the arbitrage, causing buyers to left cargoes from overseas
- Essential oil products such as diesel and gasoline inventories are dropping to near 2014 lows amid the global energy crisis (FGE)
- The dash to buy alternative fuels for heating and power generation is exhausting stocks of oil products in major storage hubs, including Singapore and the U.S., industry consultant FGE said in a research note
- U.S. Gulf Coast Ultra-Low Sulfur Diesel is currently trading at its highest level since October 2014
- AEGIS can help manage your oil product consumption in the face of rising prices