Strong Cooling Demand Could Eat into Distillate Stocks

While distillate stocks are near all-time highs, the demand for products could turn higher despite the calendar moving out of gasoline season.  The weather has been warmer than normal so far this summer and has created robust cooling demand.  The low price of natural gas has propelled co-generating plants to use natural gas instead of cheaper coal and fuel oil, while could drive the price of natural gas higher and…