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Cold weather in the US has increased diesel purchases for heating, leaving fewer barrels for Europe. The EU and UK rely heavily on US diesel since cutting Russian imports.
Mideast and Asian supplies are drying up as freight spreads make long hauls unprofitable.
Tighter Atlantic Basin flows raise European diesel prices and could keep transatlantic freight and fuel costs elevated. Expectations of Suez Canal reopening are adding to forward price pressure.
energyintel.comAuthors John van Schaik, New York Kerry Preston, London Editor Cristina HausFeb 14, 2025After 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.
