Global stocks of diesel and other middle distillates are below normal and prices could start to rise quickly if the industrial economies of North America and Western Europe emerge from their lingering recession in 2024.
Poster Comment:
As Global Oil Inventories Are Rapidly, Unexpectedly Sinking, JPM Sees $10 Crude Jump By May
Global oil inventories are set to shrink by 1.6 million barrels a day this month
https://www.zerohedge.com/markets/global-oil-inventories-are-rapidly-unexpectedly-sinking-jpm-sees-10-crude-jump-may