Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards
Square
Latest
Hot
News
Profile

Goldman Sachs believes that the U.S. diesel supply shortage in August is at its most severe level since 2003.

金色财经_
Gold Financial reports, June 2nd, according to Darin Struven, co-head of the global commodities research department at Goldman Sachs Group, if the nearly complete closure of the Strait of Hormuz continues and commercial crude oil inventories keep declining at recent rates, by August, U.S. diesel inventories could fall to a critical level that can only sustain 20 days of supply. "Over the past eight weeks, U.S. oil inventories have experienced the largest decline in history. U.S. diesel inventories have fallen to the lowest level since 2003." The Iran war has completely changed the global oil market landscape, with Persian Gulf oil-producing countries significantly reducing oil shipments through the Strait of Hormuz, almost to zero, forcing millions of barrels of oil production to halt. Although U.S. refineries can compensate for this gap by drawing on inventories, if this route remains blocked, the potential turning point will become increasingly severe. Struven stated, "This tension will also be clearly reflected in the United States." According to data from the U.S. Energy Information Administration, as of the week ending May 22, U.S. diesel supplies were about 28 days' worth of stock, compared to approximately 36 days at the end of January.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap