# USGC supply dominates an exacerbated European short, WCI primary for Singapore, as refinery issues cut supply in the European continent  | Sparta

> Sparta reports that USGC supply is filling a European ULSD shortfall after refinery problems cut European output. ARA gasoil stocks reached their lowest level since 2022, and the USGC ULSD differential fell from -7 to -8 cents per gallon over the past week.

- Date: 2023-07-19 · published 2023-07-19T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/34954-usgc-supply-dominates-an-exacerbated-european-short-wci-primary-for-singapore
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight European diesel supply pulls US Gulf barrels overseas and draws down US stocks, supporting diesel prices while the US differential narrows.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- spartacommodities.com: https://www.spartacommodities.com/insights/usgc-supply-dominates-an-exacerbated-european-short-wci-primary-for-singapore-as-refinery-issues-cut-supply-in-the-european-continent/

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