Diesel fuel inventories are now at historic lows. As of the week ending 14 October, there were about 25 days of coverage from weekly ending stocks. That’s down from 39 days during 2020 and 2021 over the COVID period, and down from 34 days during the pre-pandemic 2017-2019 period.
The days-of-coverage is calculated by taking the weekly ending distillate fuel oil divided by the four-week average distillate fuel oil product supplied average. That is stocks divided by use, which results in supply coverage by days. The total product supplied – which is a proxy for demand – for the first two weeks of the month is about 3 percent above the 2017-2021 average seasonal demand for October. That seasonal demand includes two key co...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
