Diesel cracks… – Commodity Research Group

December 30, 2016 by Jim Colburn Leave a Comment

This week’s petroleum status report from the EIA (http://www.eia.gov/petroleum/supply/weekly/) shows distillate demand +12.7% from last year based on the 4 week average ending December 23rd… The diesel crack chart from barchart.com reflects this:

Note that diesel prices were rallying more than crude going into the OPEC meeting, so, perhaps demand for distillates is picking up due to economic reasons as well as cold weather…

And from a days supply measure, the story is the same, that is, distillate stocks are “tightening”:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

Reader Interactions

Leave a Reply Cancel reply