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U.
A 4.
On gasoline, the EIA reported that U.
By contrast, inventories fell by 3.
In middle distillates, the EIA reported that U.
Middle distillate production averaged 5 million bpd last week, compared with 4.
On middle distillates, the world's top commodity traders warned that diesel shortages are looming over the global economy and could become a systemic problem, according to a Financial Times report this week
The Financial Times quoted Vitol chief executive Russell Hardy as saying: "About half of Europe's diesel is imported from big countries and half from the Middle East, and there is already a systemic shortage of diesel
"Diesel is not just a European problem, it's a global problem," Gunvor co-founder Torbjorn Tornkvist said
Meanwhile, oil prices slowed after surging earlier in the week
Brent was trading at $120.
