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Stock impact report

Diesel Set For Growing Glut as Demand Falters [Yahoo! Finance Canada]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
(Bloomberg) -- The world's demand for diesel is forecast to fall this year, a rare event for the fuel that powers swathes of the global economy. Most Read from Bloomberg The Paris-based International Energy Agency has for months been chipping away at its forecast for the year, and now expects annual consumption of gasoil — a catch-all term for diesel-type fuels — to fall by 258,000 barrels a day. Outside the pandemic, it's set to be the biggest drop since 2016, with demand only falling a handful of times in the last 15 years. While that's a small decline in the context of the global diesel market's more than 28 million barrels a day of consumption, the rare reversal is notable for those keeping tabs on the world's economic activity: diesel is the single biggest chunk of oil demand, powering trucks, cars and ships, and used in industries from farming to construction. “The days of diesel being the leading fuel for oil demand growth are over,” said Vikas Dwivedi, global energy s Show less Read more
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