Reported 4 months ago
Diesel demand in the US has dropped to its lowest seasonal level in 26 years in March due to slowing economic growth. Distillate supply, crucial for trucking and industry, fell to 3.67 million barrels per day, signifying a possible risk to broader oil demand. The market deterioration indicates weakening economies in Asia and the US affecting consumer spending habits, leading to decreased fuel consumption and refining margins declining globally.
Source: YAHOO