The recent publication of two significantly different outlooks for diesel markets in 2023 shows how the International Maritime Organization’s environmental rules will remain an enormous factor.
Just one slight issue: Will the impact on diesel be bullish or bearish?
The direction of diesel, as always, will still overwhelmingly be determined by the price of crude. A slide in crude prices created by a possible ’23 recession, or the opposite of recession if an increase if China’s demand surges as it...
