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European diesel cargoes FOB Northwest Europe were assessed at $835/mt on February 14, the highest since September 2014. Diesel cracks ran $17-19/b, close to two-year highs, as European supply from the East, US and Russia fell.
Shrinking European diesel supply and high cracks support higher diesel prices and raise the cost of hauling and processing feed inputs in Europe.
spglobal.comFeb 15, 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.
