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S&P Global says diesel prices have fallen about 25% from their March record but remain elevated. European diesel stocks are at historic lows, and backwardation discourages storage.
Platts assessed ULSD FOB ARA at $1,079.75/mt on Aug. 18.
Low inventories and expected winter demand leave the market vulnerable to price spikes if Russian supplies fall. Feed buyers face continued risk in diesel-linked freight and energy costs.
spglobal.comAug 23, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
