ICE gas oil contract Loading... : Investor Sentiment and Bull/Bear Views
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22:12
Jul 29
Jul 29
Diesel to hit demand destruction price
Refined product markets, particularly diesel (ICE gas oil), are where the real tightness is. Diesel prices are searching for the demand-destruction level. Historically, diesel demand is destroyed around $1,400/ton, and with current prices at $1,230–$1,240/ton, there is still likely 5–10% more upside before that ceiling is hit. Supply losses from Russian refinery attacks and export bans have left the global refining system severely short, pushing gas oil prices higher and leaving refined product prices substantially above crude.
HIGH
About ICE gas oil contract Investor Commentary
Across the available history and selected sources, Buzzberg tracks ICE gas oil contract across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Martijn Rats.