Global crude liftings are falling short of meeting demand in spite of OPEC+ efforts, and the latest trend is furthermore going in the wrong direction.
Global crude liftings are falling short of meeting demand in spite of OPEC+ efforts, and the latest trend is furthermore going in the wrong direction.
Growing diesel tightness globally is fueling a rise in diesel cracks and a widening of the market backwardation. With refinery runs capped by high operational costs and upcoming maintenance activities, the diesel market could tighten further in the weeks ahead.
Omicron: pre-emptive supply cuts & resilient demand draw stocks and lift prices