# Products: West African Floating Storage Pressures Europe's ULSD | Energy Intelligence

> Large volumes of ULSD are still held in floating storage off West Africa, keeping prices tight in Northwest Europe. Regional road fuel demand is recovering from Covid-19, and US Colonial Pipeline problems could pull fuel across the Atlantic.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/47277-products-west-african-floating-storage-pressures-europe-s-ulsd-energy
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Floating storage of diesel off West Africa caps European diesel prices, which limits the upside from Colonial-related transatlantic flows. European freight and fuel costs stay contained in the near term.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7dd-de4c-a17b-e7df3ea40000

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