US EIA Distillate Stocks Change (Mar/13) -2.527M vs exp. -1.5M (prev. -1.349M)
The significant draw in US distillate stocks, more than double expectations, indicates tightening supply dynamics in the energy market, which could support higher prices for distillates including diesel.
Newsquawk European Market Wrap - 18th March 2026
BoC Governor Macklem says they will take decisions one meeting at a time
US EIA Distillate Stocks Change (Mar/13) -2.527M vs exp. -1.5M (prev. -1.349M)
Brazil's Transport Minister announces steps to enforce minimum freight rates for truckers
Citi forecasts Brent between USD 110-120/bbl in the coming days due to conflict-driven supply disruptions; USD 150-200/bbl could be hit if Iran targets more energy infrastructure or if Hormuz stays closed
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This larger-than-expected reduction may heighten concerns about supply constraints as we approach the peak demand season, potentially impacting inflation and related commodities.
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