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European ULSD imports have fallen to a multiyear low after Russia abruptly halted its ultra-low sulfur diesel exports. The halt disrupted global fuel flows.
Lower European diesel imports tighten regional supply and support diesel prices, with higher fuel and freight costs passing through to feed.
energyintel.comAuthors Kerry Preston, London Freddie Yap, Singapore Editor Michael RitchieOct 4, 2023After 26 past bullish trade events, ULSD / Diesel moved a median -1.9% over 5 sessions (31% higher; middle half -5.6% to +1.6%), and -4.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
