# Europe draws record diesel supplies as refiners continue to run near capacity | S&P Global

> European diesel imports are set to reach a record in August, with over 6.2 million metric tons due at ports, about 2 million t of it from the US. Refiners running near capacity are sending surplus product across the Atlantic. Inventories in the Amsterdam-Rotterdam-Antwerp hub are at their highest since June 2023 as demand lags.

- Date: 2024-08-23 · published 2024-08-23T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/28995-europe-draws-record-diesel-supplies-as-refiners-continue-to-run-near-capacity-s
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Heavy transatlantic diesel flows and rising European stocks point to weaker product cracks and lower diesel prices. This could support cheaper fuel and freight costs for the feed sector.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-08-22 | [Asia Has Too Much Diesel and It’s Likely Headed to Europe - Bloomberg](https://feedsoft.ai/events/11406-asia-has-too-much-diesel-and-it-s-likely-headed-to-europe-bloomberg.md) | +10.8% | +13.8% |
| DIESEL | 2022-10-20 | [Asia, Middle East ramp up diesel exports to Europe in October](https://feedsoft.ai/events/10940-asia-middle-east-ramp-up-diesel-exports-to-europe-in-october.md) | +7.9% | -3.8% |
| DIESEL | 2025-04-04 | [Tariffs, OPEC+, and Carbon Tax Removal Impact Diesel Prices \| Breakthrough](https://feedsoft.ai/events/12525-tariffs-opec-and-carbon-tax-removal-impact-diesel-prices-breakthrough.md) | -6.2% | -8.6% |
| DIESEL | 2017-12-13 | [Products: Russian Diesel Heads to New York \| Energy Intelligence](https://feedsoft.ai/events/67670-products-russian-diesel-heads-to-new-york-energy-intelligence.md) | +0.3% | +7.4% |
| DIESEL | 2016-11-29 | [European Cargo Cash Premiums to Benchmark Gasoil Futures Were Assessed at $10.50/Mt_Industries_News_Xccylj.com](https://feedsoft.ai/events/74011-european-cargo-cash-premiums-to-benchmark-gasoil-futures-were-assessed-at-10-50.md) | +9.0% | +12.5% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/082324-europe-draws-record-diesel-supplies-as-refiners-continue-to-run-near-capacity

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