# Diesel Trade Dries Up Leaving Europe Exposed | Energy Intelligence

> 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.

- Date: 2025-02-14 · published 2025-02-14T12:00:00.000Z
- Category: trade · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/26243-diesel-trade-dries-up-leaving-europe-exposed-energy-intelligence
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-04-22 | [Hopes for US Revival Draw ULSD From Europe \| Energy Intelligence](https://feedsoft.ai/events/53807-hopes-for-us-revival-draw-ulsd-from-europe-energy-intelligence.md) | -15.4% | +28.7% |
| DIESEL | 2023-10-04 | [Europe's ULSD Imports Hit Multiyear Low \| Energy Intelligence](https://feedsoft.ai/events/11719-europe-s-ulsd-imports-hit-multiyear-low-energy-intelligence.md) | -5.7% | -7.3% |
| DIESEL | 2022-10-14 | [Traders divert Europe-bound diesel to U.S. in race to re-stock](https://feedsoft.ai/events/10981-traders-divert-europe-bound-diesel-to-u-s-in-race-to-re-stock.md) | -7.6% | -4.9% |
| DIESEL | 2024-07-24 | [US diesel exports to Europe hit record high despite lackluster demand](https://feedsoft.ai/events/29466-us-diesel-exports-to-europe-hit-record-high-despite-lackluster-demand.md) | -3.1% | -6.7% |
| DIESEL | 2017-07-05 | [Asia's Booming Diesel Market Draws Rare European](https://feedsoft.ai/events/70129-asia-s-booming-diesel-market-draws-rare-european.md) | -1.2% | +9.9% |

## Sources

- energyintel.com: https://www.energyintel.com/00000195-0004-d868-abd5-6a7cf6450000

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