# Asia Has Too Much Diesel and It’s Likely Headed to Europe - Bloomberg

> Diesel in Singapore has fallen to its widest discount to European prices since April, according to Bloomberg data. Traders may ship excess Asian diesel west to Europe as the Delta variant spreads across Asia, as they did during the 2020 pandemic.

- Date: 2021-08-22 · published 2021-08-22T12:00:00.000Z
- Category: trade · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/11406-asia-has-too-much-diesel-and-it-s-likely-headed-to-europe-bloomberg
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A growing Asian surplus and a wider Europe premium pull diesel cargoes westward, which can ease European diesel prices and weigh on Asian product markets. Shipping demand for tankers would also rise on the route.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-10-20 | [Asia, Middle East ramp up diesel exports to Europe in October](https://feedsoft.ai/events/10940-asia-middle-east-ramp-up-diesel-exports-to-europe-in-october.md) | +7.9% | -3.8% |
| DIESEL | 2024-08-23 | [Europe draws record diesel supplies as refiners continue to run near capacity \| S&P Global](https://feedsoft.ai/events/28995-europe-draws-record-diesel-supplies-as-refiners-continue-to-run-near-capacity-s.md) | +0.8% | -4.3% |
| DIESEL | 2017-12-13 | [Products: Russian Diesel Heads to New York \| Energy Intelligence](https://feedsoft.ai/events/67670-products-russian-diesel-heads-to-new-york-energy-intelligence.md) | +0.3% | +7.4% |
| DIESEL | 2018-06-27 | [Products: Imports Mount as Asian VLCCs Target Europe  \| Energy Intelligence](https://feedsoft.ai/events/64695-products-imports-mount-as-asian-vlccs-target-europe-energy-intelligence.md) | +1.6% | +1.0% |
| DIESEL | 2025-04-10 | [Brazil’s Diesel Market Shifts Amid Trump Tariffs, Petrobras Cuts - EnergiesNet](https://feedsoft.ai/events/12528-brazil-s-diesel-market-shifts-amid-trump-tariffs-petrobras-cuts-energiesnet.md) | +0.2% | -3.3% |

## Sources

- airfreight.news: https://airfreight.news/articles/full/asia-has-too-much-diesel-and-itas-likely-headed-to-europe
- bloomberg.com: https://www.bloomberg.com/news/articles/2021-08-23/asia-has-too-much-diesel-it-s-likely-headed-west

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