# Tight diesel market dominates the spotlight | Saxo

> Brent and crude traded higher as markets worried about fuel supply through the winter. Tight distillate supply from OPEC+ cuts and the EU embargo on Russian oil has pushed refinery margins and prompt spreads sharply higher.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46788-tight-diesel-market-dominates-the-spotlight-saxo
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tight distillate markets point to higher diesel and heating oil prices into winter, raising fuel and transport costs for feed buyers. Crude strength also supports energy-linked input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-12-11 | [Reaction in the diesel market to IMO 2020 is still to come: Platts - FreightWaves](https://feedsoft.ai/events/55751-reaction-in-the-diesel-market-to-imo-2020-is-still-to-come-platts-freightwaves.md) | +3.5% | -0.9% |
| DIESEL | 2019-03-18 | [The outlook of one energy economist for IMO2020: chaos in the diesel market - FreightWaves](https://feedsoft.ai/events/60275-the-outlook-of-one-energy-economist-for-imo2020-chaos-in-the-diesel-market.md) | -0.0% | +5.3% |
| DIESEL | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | -0.4% | +7.0% |
| DIESEL | 2018-05-18 | [Here’s why diesel prices are aiming for record highs - MarketWatch](https://feedsoft.ai/events/65187-here-s-why-diesel-prices-are-aiming-for-record-highs-marketwatch.md) | -1.0% | -9.0% |
| DIESEL | 2021-01-07 | [Diesel market in 2021: Something closer to normalcy likely on tap - FreightWaves](https://feedsoft.ai/events/49327-diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap-freightwaves.md) | +4.6% | +11.6% |
| BRENT | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | +2.3% | +7.7% |
| BRENT | 2021-01-07 | [Diesel market in 2021: Something closer to normalcy likely on tap - FreightWaves](https://feedsoft.ai/events/49327-diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap-freightwaves.md) | +3.2% | +8.3% |
| BRENT | 2018-05-01 | [Oil: How the Market Dynamics Have Changed](https://feedsoft.ai/events/65670-oil-how-the-market-dynamics-have-changed.md) | -0.1% | -0.8% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/tight-diesel-market-dominates-the-spotlight-27102022

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