Diesel markets jumped Tuesday after the long weekend on news of US warships positioning themselves off the coast of Venezuela. The official stance is that they are curbing the flow of drugs from the region, even producing drone video of a Cartel vessel getting obliterated yesterday. With Venezuela being in the news of late, recall Chevron has started producing about 250,000bpd in the country, one can’t help but think that this is apart of a larger plan. The US does not officially recognize Venezuelan President Maduro, as it has claimed that since 2019 he won in a contested election. As an ally to China & Russian, Maduro has called out the move as show of force on a smaller nation. The real question is if this will ruin Aruba vacation plans! Even as we cooled off yesterday and today, it shows how on edge the market is currently. One cant help but think that with the somewhat imbalance between supply and demand, that lower pricing will prevail. Numbers will be released today due to the holiday, demand figures will likely set the narrative for the short term. Although keep an eye on the looming storm in the Atlantic along with an expected return of a La Nina weather pattern (colder in Northeast) to try to keep pricing elevated.