Asia's diesel exports hit a multi-year low in February at 6.6 million tonnes, down from 8.13 million in January.
Asia's diesel exports hit a multi-year low in February at 6.6 million tonnes, a drop from January's 8.13 million. While March may see a recovery due to China and India's increased shipments, the market faces further downward pressure on prices. The weak profit margin on diesel indicates tepid demand growth, with the profit on gasoil, a key middle distillate fuel, trending weaker since August 2021.
March 06, 2024
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