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Europe's diesel demand has outpaced imports, pushing ULSD spot prices to a near eight-year high in mid-February. Pump prices in Russia's main UK market also reached record levels.
A structural import shortfall keeps European distillate prices firm, which feeds through to transport and logistics costs for feed supply chains.
energyintel.comAuthors Kerry Preston, London Freddie Yap, Singapore Editor Michael RitchieFeb 16, 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.
