# Lower East of Suez gasoil, ULSD exports in Jan leave Europe tight | S&P Global

> European diesel and gasoil markets tightened in January after expected arrivals from East of Suez fell sharply. Closed arbitrage economics in late December and weak local refining margins limited supply, and buying interest for cargoes rose.

- Date: 2022-01-14 · published 2022-01-14T12:00:00.000Z
- Category: logistics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/43340-lower-east-of-suez-gasoil-ulsd-exports-in-jan-leave-europe-tight-s-and-p-global
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower European imports and weak refinery output tighten diesel supply and lift fuel costs for European feed logistics. The shortfall in cargo arrivals is a direct supply driver of price strength.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-02-26 | [US diesel exports to Europe dip on plummeting refining output](https://feedsoft.ai/events/31851-us-diesel-exports-to-europe-dip-on-plummeting-refining-output.md) | +1.0% | -1.4% |
| 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 | 2026-02-26 | [Diesel EFS widest in two-months as European markets tighten](https://feedsoft.ai/events/20777-diesel-efs-widest-in-two-months-as-european-markets-tighten.md) | +23.6% | +49.6% |
| DIESEL | 2022-10-17 | [Atlantic Basin refining margins soar on refinery outages, tight diesel supply \| S&P Global](https://feedsoft.ai/events/10941-atlantic-basin-refining-margins-soar-on-refinery-outages-tight-diesel-supply-s.md) | -6.7% | -5.1% |
| DIESEL | 2022-04-05 | [Cost of U.S. diesel exports to Latin America rise on shortage \| Reuters](https://feedsoft.ai/events/42029-cost-of-u-s-diesel-exports-to-latin-america-rise-on-shortage-reuters.md) | -8.6% | +22.1% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/011422-lower-east-of-suez-gasoil-ulsd-exports-in-jan-leave-europe-tight

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