Concern over US distillate inventories has eased somewhat in recent weeks as higher refinery runs and softer demand have helped rebuild national stockpiles. But beneath the headline improvement, traders are increasingly focused on a more localized risk: tightening inventories on the US East Coast (Padd 1) that could once again force a sharp repricing in regional diesel markets.
US East Coast Distillate Stocks at ‘Critically Low’ Levels
Beneath the recent headline improvement in US refined product stocks, there is more localized risk, particularly in East Coast diesel markets.
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