Shadow over diesel market short- and long-term

The scandal over manipulated emissions data in VW diesel vehicles will cast a long shadow over the diesel market because it could put the brakes on demand for diesel cars and thus reduce the consumption of diesel. Therefore, it will take some time for the composition of the global fleet - and by extension the demand for particular fuels - to shift noticeably. 

In the short term, the diesel price is being dampened by China's diesel exports, which keep climbing to ever new record highs, says Commerzbank.