U.S. distillate fuel oil inventories remained high through summer 2020 because production outpaced demand. The U.S. Energy Information Administration (EIA) expects that increased demand for distillate fuel oil in the agriculture and residential sectors in the coming winter will help to draw down high U.S. distillate inventories. These initially relatively high inventories, along with lower crude oil prices, will continue putting downward pressure on distillate fuel oil prices through the 2020–21 winter season. Read more EIA expects relatively high distillate inventories to decrease through the winter
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Source: CTRM Center