# US diesel exports to Europe hit record high despite lackluster demand

> US diesel loadings bound for Europe rose to 517,000 b/d in July, the highest since July 2018, according to S&P Global ship tracking. Europe's reliance on US supply has grown since Russian sanctions, and Saudi exports to Europe fell sharply.

- Date: 2024-07-24 · published 2024-07-24T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/29466-us-diesel-exports-to-europe-hit-record-high-despite-lackluster-demand
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Strong export pull draws US distillate barrels abroad, which can tighten domestic diesel supply and support prices. Ocean freight rates easing supports the trade arbitrage.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-05-07 | [Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts - MarketWatch](https://feedsoft.ai/events/19460-record-oil-exports-could-drive-u-s-diesel-and-gas-supply-shortages-just-as.md) | +5.0% | -3.8% |
| DIESEL | 2022-06-17 | [ULSD hits record highs for USGC, IPP prices as Latin America cargo demand surges -Platts - EnergiesNet](https://feedsoft.ai/events/41118-ulsd-hits-record-highs-for-usgc-ipp-prices-as-latin-america-cargo-demand-surges.md) | -5.1% | -19.9% |
| DIESEL | 2025-02-14 | [Diesel Trade Dries Up Leaving Europe Exposed \| Energy Intelligence](https://feedsoft.ai/events/26243-diesel-trade-dries-up-leaving-europe-exposed-energy-intelligence.md) | -5.2% | -15.6% |
| DIESEL | 2022-06-15 | [Latin America adjusts to third wave of import diesel prices reaching record levels \| World Ports Organization](https://feedsoft.ai/events/41122-latin-america-adjusts-to-third-wave-of-import-diesel-prices-reaching-record.md) | -0.3% | -16.3% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/072424-us-diesel-exports-to-europe-hit-record-high-despite-lackluster-demand

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