# Europe’s Diesel Supply Chain Threatened by High Freight Costs - TT

> Red Sea disruptions have pushed up tanker freight rates, with rates to hire large tankers from the Middle East to northwest Europe reaching $117,000 a day. Diesel margins in northwest Europe rose to their highest since early December, and the east-west diesel spread widened.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/32308-europe-s-diesel-supply-chain-threatened-by-high-freight-costs-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Europe's structural diesel shortfall and higher freight costs keep European diesel prices elevated, supporting fuel and logistics costs. Higher diesel prices also increase costs for feed producers.

## Read by commodity

- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-10-22 | [Record diesel costs push grain freight rates higher across all modes \| Feed & Grain](https://feedsoft.ai/events/17227-record-diesel-costs-push-grain-freight-rates-higher-across-all-modes-feed-and.md) | -5.5% | — |
| DIESEL | 2022-03-11 | [Oil Traders Jump Into Action as Europe Screams for Diesel Supply - TT](https://feedsoft.ai/events/4725-oil-traders-jump-into-action-as-europe-screams-for-diesel-supply-tt.md) | +5.0% | +1.3% |
| DIESEL | 2022-11-18 | [Diesel drives fleet costs, freight market shifts \| FleetOwner](https://feedsoft.ai/events/38878-diesel-drives-fleet-costs-freight-market-shifts-fleetowner.md) | -9.9% | -15.1% |
| DIESEL | 2021-02-18 | [Diesel fuel in short supply in Texas; prices on the rise - FreightWaves](https://feedsoft.ai/events/48825-diesel-fuel-in-short-supply-in-texas-prices-on-the-rise-freightwaves.md) | +4.0% | +3.4% |
| DIESEL | 2026-10-28 | [Railroads Say High Diesel Is Winning Freight \| Big Rig Daily](https://feedsoft.ai/events/280-railroads-say-high-diesel-is-winning-freight-big-rig-daily.md) | -4.2% | — |

## Sources

- ttnews.com: https://www.ttnews.com/articles/europe-diesel-supply-chain-freight

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