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European diesel market remains oversupplied even as lockdown transport restrictions begin to ease. A glut of import tankers is anchored offshore while waiting for buyers to emerge.
Excess diesel supply weakens refining margins and pressures crude and diesel prices, which feeds into feed-freight and fuel costs for feed buyers.
energyintel.comAuthor Kerry Preston, UNITED KINGDOMMay 13, 2020Not 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.
