Oversupply of Distillate Stocks
August 14, 2020
Total Distillates Stocks remain high and counter seasonal. The counter seasonal growth in Distillate Stocks starting in mid-March and now reaching record highs is another example of the economic impact of COVID-19. With the collapse in the demand for jet fuel and the large reduction in manufacturing, the demand for distillates has been dramatically reduced. Thus, the oversupply of unneeded distillates is illustrated by the growth and record levels of distillates stocks.
The chart below can be constructed in the Fundamental Analytics platform under Fundamentals > Distillates Fuel > Stocks > Total US.
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The information provided here is for general informational purposes only and should not be considered individualized investment advice. All expressions of opinion are subject to change without notice in reaction to shifting market conditions.