Distillate shortages across local markets have gained increased attention.

Airlines in Nigeria have decided to leave planes on the ground as fuel costs have become unbearable. Even jet fuel traded in New York has tripled from the beginning of this year.

As refineries come back online some of that demand is expected to get met, which in turn is going to serve as a demand-pull on crude itself.

Interesting situation brewing for sure.

[https://www.bloomberg.com/news/articles/2022-05-11/nyc-billionaire-catsimatidis-warns-of-rationed-east-coast-diesel?utm_medium=social&utm_campaign=socialflow-organic&utm_content=markets&utm_source=twitter&cmpid%3D=socialflow-twitter-markets](https://www.bloomberg.com/news/articles/2022-05-11/nyc-billionaire-catsimatidis-warns-of-rationed-east-coast-diesel?utm_medium=social&utm_campaign=socialflow-organic&utm_content=markets&utm_source=twitter&cmpid%3D=socialflow-twitter-markets)

The diesel crisis in the US may get worse this summer with the potential of shortages and rationing on the East Coast, said billionaire refinery and fuel station owner John Catsimatidis.

https://www.bloomberg.com/news/articles/2022-05-11/nyc-billionaire-catsimatidis-warns-of-rationed-east-coast-diesel?utm_medium=social&utm_campaign=socialflow-organic&utm_content=markets&utm_source=twitter&cmpid%3D=socialflow-twitter-markets

NYC Billionaire Catsimatidis Warns of Looming East Coast Diesel Rationing

Distillate Shortages

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