# Distillate margin slide closes Europe diesel arb, drags jet crack to 2-month low

> Diesel refining margins in Asia and Europe slumped as US Gulf and Asian barrels flooded into Europe, closing the diesel arbitrage. Jet fuel cracks fell to their lowest since April as Covid lockdowns hit demand.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46790-distillate-margin-slide-closes-europe-diesel-arb-drags-jet-crack-to-2-month-low
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker distillate margins point to softer diesel prices and reduced refinery pull on crude, which can ease freight and energy costs. Renewed lockdowns are the demand risk behind the decline.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- qcintel.com: https://www.qcintel.com/article/distillate-margin-slide-closes-europe-diesel-arb-drags-jet-crack-to-2-month-low-910.html

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