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European diesel demand is recovering as lockdowns lift, but a fresh glut of imports has pushed cargo premiums lower. Import tankers are piling up in European waters, with Amsterdam-Rotterdam-Antwerp stocks at a four-month high.
Excess European imports keep diesel cargo premiums weak, which caps refining margins and pressures diesel prices despite rising demand.
energyintel.comAuthor Kerry Preston, UNITED KINGDOMMay 27, 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.
