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Macquarie says global diesel supplies remain tight as new UK, EU and US sanctions add upward pressure on margins. Gasoil-Brent crack spreads are holding around $30 a barrel, and Ukrainian drone strikes keep a risk premium in the market.
Tight diesel supply and a persistent risk premium keep fuel costs elevated for feed and farm logistics. The article also suggests the market may be nearing a turning point, which could ease prices.
ogj.comOct 29, 2025After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% 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.
