Diesel cash diffs and timespreads ease
Bullish strength: 35/100
- End-November bids provided some support to diesel cash differentials.
- Geopolitical attacks on Saudi oil infrastructure and heightened Strait of Hormuz shipping risks threaten regional oil supply.
Bearish strength: 65/100
- Asian diesel cash premiums and front-month timespreads narrowed.
- Gasoil refining margins fell to a one-week low of $63.63 per barrel.
- Spot gasoil and jet fuel prices declined by around $3.31–$3.38 and $3.70 per barrel, respectively.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.