{"id":6646,"date":"2020-06-04T09:47:17","date_gmt":"2020-06-04T13:47:17","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=6646"},"modified":"2021-04-25T22:01:06","modified_gmt":"2021-04-26T02:01:06","slug":"unusual-oversupply-of-distillates-stocks-redux","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/unusual-oversupply-of-distillates-stocks-redux\/","title":{"rendered":"Unusual Oversupply of Distillates Stocks Redux"},"content":{"rendered":"
Unusual Oversupply of Distillates Stocks Redux<\/h5>\n

June 4, 2020<\/p>\n

As we have discussed before, but need to restate, the stocks, or inventories, of Distillates Fuels (diesel fuel, jet fuel, heating oil) are unusually oversupplied for this time of the year.\u00a0 The dramatic decrease in jet fuel demand as well as reduced demand of diesel fuel for manufacturing have contributed to the oversupply.\u00a0 Heating Oil futures prices have increased in tandem with Crude Oil prices, but slower, so the crack spreads have been pressured downward, as shown in the second chart below.\u00a0 A trader may consider shorting a heating oil crack spread in the deferred months.<\/p>\n

The chart below can be constructed in the Fundamental Analytics<\/strong> platform under Fundamentals > Distillates Fuel Oil > Stocks.<\/strong><\/p>\n

Total Distillates Stocks<\/strong><\/p>\n

Latest Data as of Friday, May 29, 2020<\/strong><\/p>\n

\"\"<\/p>\n

The chart below can be constructed in the Fundamental Analytics<\/strong> platform under Prices > Instruments and Spreads > Heating Oil.<\/strong><\/p>\n

July Heating Crack Spread<\/strong><\/p>\n

Latest Data as of Wednesday, June 3, 2020<\/strong><\/p>\n

$7.42<\/strong><\/p>\n

\"\"<\/p>\n

\n

If you would like access to the great insights and analysis provided by the Fundamental Analytics platform, sign up for a 15-day free trial<\/strong> <\/a> and demonstration!<\/strong><\/a><\/p>\n

If you have any questions, please contact our Managing Director, Joel Fingerman, at alexios.tyrakis@fundamentalanalytics.com<\/span><\/a><\/p>\n

We also invite you to read our other articles and follow us on social media!<\/p>\n

Best Regards,<\/p>\n

The Fundamental Analytics Team<\/p>\n

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.<\/em><\/small><\/p>","protected":false},"excerpt":{"rendered":"

Unusual Oversupply of Distillates Stocks Redux June 4, 2020 As we have discussed before, but need to restate, the stocks, or inventories, of Distillates Fuels (diesel fuel, jet fuel, heating oil) are unusually oversupplied for this time of the year.\u00a0 The dramatic decrease in jet fuel demand as well as reduced demand of diesel fuel […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6646","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/6646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/comments?post=6646"}],"version-history":[{"count":2,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/6646\/revisions"}],"predecessor-version":[{"id":6650,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/6646\/revisions\/6650"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/media?parent=6646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/categories?post=6646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/tags?post=6646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}