# Asia, Middle East ramp up diesel exports to Europe in October

> Asian and Middle Eastern refiners are ramping up diesel exports to Europe in October. Prompt diesel prices in Europe have surged versus future months because of worker strikes at French refineries since September.

- Date: 2022-10-20 · published 2022-10-20T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/10940-asia-middle-east-ramp-up-diesel-exports-to-europe-in-october
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher Asian and Middle Eastern supply into Europe helps offset the French refinery shortfall and can cap diesel price spikes. Long-haul cargo economics are affected by the price spread between prompt and future months.

## Read by commodity

- DIESEL: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-03-13 | [Russia ramps up fuel exports in fight for European market](https://feedsoft.ai/events/66207-russia-ramps-up-fuel-exports-in-fight-for-european-market.md) | +2.6% | +11.1% |
| DIESEL | 2021-08-22 | [Asia Has Too Much Diesel and It’s Likely Headed to Europe - Bloomberg](https://feedsoft.ai/events/11406-asia-has-too-much-diesel-and-it-s-likely-headed-to-europe-bloomberg.md) | +10.8% | +13.8% |
| DIESEL | 2019-02-06 | [Products: Russia Steps Up Diesel Exports \| Energy Intelligence](https://feedsoft.ai/events/60793-products-russia-steps-up-diesel-exports-energy-intelligence.md) | +0.5% | +6.3% |
| DIESEL | 2017-06-14 | [Products: US Exports Threaten Diesel Deluge \| Energy Intelligence](https://feedsoft.ai/events/70698-products-us-exports-threaten-diesel-deluge-energy-intelligence.md) | -3.5% | +2.0% |
| DIESEL | 2022-09-14 | [Diesel margins tank as market weighs possible China exports \| Air Freight News](https://feedsoft.ai/events/39779-diesel-margins-tank-as-market-weighs-possible-china-exports-air-freight-news.md) | -5.5% | +15.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/asia-middle-east-ramp-up-diesel-exports-europe-october-2022-10-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.