OIL: Contango for US Diesel and WTI Could Emerge if Diesel Ban Enacted: Sparta
A US diesel ban would see USGC refiners maximise yield shift towards jet and mogas production, before storing any diesel export length, sending heating oil spreads into contango, according to Sparta's June Goh. * Run rates would then be next to suffer once product storage is depleted, Goh added. * The outcome would be