Oil investors can find relief as diesel supplies sqeeze in Asian market

Oil investors rattled by the threat of US output can find some cheer from diesel demand in Asia.

Strong consumption of the fuel -- used to power everything from trucks to ships and factories -- underpinned crude’s bull run last year, a rally that’s now being threatened by surging American production. Still, while the risk of a crude glut looms, refineries being shut for spring-season maintenance is set to squeeze diesel supplies in the Asian market at a time when demand is being boosted by healthy economic growth.

That’s helping alleviate concerns over an expected flood in Chinese fuel exports, which during