# Atlantic Basin refining margins soar on refinery outages, tight diesel supply | S&P Global

> Atlantic Basin refining margins are rising back toward record levels, driven by refinery outages and French strikes at three refineries. ARA ULSD cracks surged to $80/b on Oct. 13, and Northwest Europe cracking margins averaged $23.11/b for the week ended Oct. 14.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/10941-atlantic-basin-refining-margins-soar-on-refinery-outages-tight-diesel-supply-s
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refinery outages and strong European diesel cracks indicate tight product supply that supports diesel prices. High gas costs partly limit margin gains, but the overall effect is firm diesel pricing.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-03-20 | [European diesel tightens, crude weakens as French refinery outages linger](https://feedsoft.ai/events/37028-european-diesel-tightens-crude-weakens-as-french-refinery-outages-linger.md) | +0.8% | -2.0% |
| DIESEL | 2021-05-12 | [Diesel outages starting to rise in Southeast on back of Colonial closure - FreightWaves](https://feedsoft.ai/events/47276-diesel-outages-starting-to-rise-in-southeast-on-back-of-colonial-closure.md) | +0.6% | +3.9% |
| DIESEL | 2017-07-31 | [European Diesel Jumps as Fire at Pernis Refinery Cuts Supply - Bloomberg](https://feedsoft.ai/events/70126-european-diesel-jumps-as-fire-at-pernis-refinery-cuts-supply-bloomberg.md) | +0.4% | -0.9% |
| DIESEL | 2025-06-26 | [Freight Rates for Transatlantic Voyages Soar as Europe Pulls More US Diesel - OPIS, A Dow Jones Company](https://feedsoft.ai/events/24386-freight-rates-for-transatlantic-voyages-soar-as-europe-pulls-more-us-diesel.md) | +4.9% | +7.2% |
| DIESEL | 2026-04-29 | [Surge in Diesel Prices Tightens U.S. Trucking Capacity \| SupplyChainBrain](https://feedsoft.ai/events/19894-surge-in-diesel-prices-tightens-u-s-trucking-capacity-supplychainbrain.md) | +1.7% | -9.2% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/101722-refinery-margin-tracker-atlantic-basin-margins-soar-on-refinery-outages-tight-diesel-supply

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