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For the Quarter Ending September 2023 North America   Third quarter front month prices of  Diesel  in North America have been lower than the previous month's trading prices. US diesel demand has fallen despite economic growth, according to an EIA report. Consumption in the trucking, freight, and construction industries was reported as moderate at the start of this quarter. Diesel prices began climbing upwards from August amid tighter-than-expected crude oil supplies. The number of US oil rigs dropped, and a fire at a Louisiana refinery created some ambiguity in the Diesel market. Moreover, during August, North America battled with inflation. After a statement on the possibility of further rate hikes by US Federal Reserve Chairman Jerome Powell, the dollar rose to a 3-month high on Friday. Higher interest rates can result in a sluggish economy. A decrease in domestic crude oil inventory this month supported the price rise further in September. According to EIA’s recen...

For the Quarter Ending June 2023 North America The prices of Diesel in the US market experienced a decline during the first half of Q2, followed by further decrements in the second half. This can be attributed to lower demand from the power and logistics sectors, influenced by high inflation and rising interest rates. However, as the economy stabilized and inflation was brought under control in the second half, positive market sentiments for Diesel emerged. Additionally, the prices of feedstock crude oil decreased, contributing to the overall decline in Diesel prices. Moreover, the weak cost support from natural gas prices in the first half, followed by an increment in the second half, influenced the price trend in the Diesel market. Furthermore, weak international demand and stable operating plants with low downstream industry demand resulted in adequate inventories to meet market needs. Consequently, by the end of the quarter, the prices of Diesel were reported at USD 3.92/Gal. APAC...