# Lower diesel prices signal potential shift in base oil refinery output | S&P Global

> S&P Global reports that CIF Northwest Europe ULSD differentials fell from $24/mt to $13/mt between March 12 and March 17, and Mediterranean differentials fell from $15.75/mt to $9.25/mt. Refiners may shift output toward Group II and III base oils, which are expected to rise with Q2 lubricant demand.

- Date: 2025-03-18 · published 2025-03-18T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/25791-lower-diesel-prices-signal-potential-shift-in-base-oil-refinery-output-s-and-p
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker diesel margins may lead refiners to shift feedstock toward base oils, which reduces diesel output at the margin. The effect on feed commodity prices is minimal.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/031825-lower-diesel-prices-signal-potential-shift-in-base-oil-refinery-output

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