# Bankruptcy at European storage terminal supports tank storage rates

> Diesel and gasoline tank storage rates in the ARA region rose 10% this quarter compared with October-December. Traders are filling tanks with Russian diesel ahead of the Feb. 5 EU ban.

- Date: 2023-01-20 · published 2023-01-20T12:00:00.000Z
- Category: logistics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/37968-bankruptcy-at-european-storage-terminal-supports-tank-storage-rates
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight European storage and stockpiling ahead of the ban point to firmer diesel availability and costs in Europe. The effect on global diesel prices is modest but adds upward pressure.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2017-07-31 | [European Diesel Jumps as Fire at Pernis Refinery Cuts Supply - Bloomberg](https://feedsoft.ai/events/70126-european-diesel-jumps-as-fire-at-pernis-refinery-cuts-supply-bloomberg.md) | +0.4% | -0.9% |
| DIESEL | 2023-03-24 | [Another rail strike in Germany to add to European freight troubles - The Loadstar](https://feedsoft.ai/events/36877-another-rail-strike-in-germany-to-add-to-european-freight-troubles-the-loadstar.md) | -1.9% | -7.1% |
| DIESEL | 2024-01-26 | [Europe’s Diesel Supply Chain Threatened by High Freight Costs - TT](https://feedsoft.ai/events/32308-europe-s-diesel-supply-chain-threatened-by-high-freight-costs-tt.md) | -2.4% | -3.8% |
| DIESEL | 2022-01-14 | [Lower East of Suez gasoil, ULSD exports in Jan leave Europe tight \| S&P Global](https://feedsoft.ai/events/43340-lower-east-of-suez-gasoil-ulsd-exports-in-jan-leave-europe-tight-s-and-p-global.md) | +3.1% | +13.3% |
| DIESEL | 2023-03-20 | [European diesel tightens, crude weakens as French refinery outages linger](https://feedsoft.ai/events/37028-european-diesel-tightens-crude-weakens-as-french-refinery-outages-linger.md) | +0.8% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/insolvency-european-storage-terminal-supports-tank-storage-rates-2023-01-20/

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