# Wave of diesel heads to Europe, pressuring refiners

> A record volume of diesel, over 3 million tonnes, is set to reach Europe from Asia and the Middle East in May as lockdowns left refiners with excess supply. Refining margins have fallen to an 11-year low below $5 a barrel.

- Date: 2020-05-18 · published 2020-05-18T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/53318-wave-of-diesel-heads-to-europe-pressuring-refiners
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Record diesel imports into Europe and collapsing refinery margins point to continued downward pressure on diesel prices and possible refinery run cuts.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-02-26 | [Texas, Midwest refiners thaw out their plants after polar vortex](https://feedsoft.ai/events/48821-texas-midwest-refiners-thaw-out-their-plants-after-polar-vortex.md) | -0.3% | -8.3% |
| DIESEL | 2025-12-22 | [Grain Transportation Improves as Rail Surges, Diesel Falls - RFD](https://feedsoft.ai/events/21706-grain-transportation-improves-as-rail-surges-diesel-falls-rfd.md) | -0.3% | +10.8% |
| DIESEL | 2020-03-27 | [Feature: US Gulf Coast naphtha heads to Asia amid fallen freight; glut of ULSD left onshore](https://feedsoft.ai/events/54331-feature-us-gulf-coast-naphtha-heads-to-asia-amid-fallen-freight-glut-of-ulsd.md) | -5.6% | -37.6% |
| DIESEL | 2026-06-22 | [Bulk Freight Rates Ease 4.2% in June as a Fragile Iran Ceasefire Pulls Diesel Lower](https://feedsoft.ai/events/19022-bulk-freight-rates-ease-4-2-in-june-as-a-fragile-iran-ceasefire-pulls-diesel.md) | +2.7% | +31.7% |
| DIESEL | 2022-10-21 | [Distillate summary: Diesel gives back gains as strikes near end](https://feedsoft.ai/events/10939-distillate-summary-diesel-gives-back-gains-as-strikes-near-end.md) | +10.5% | -8.5% |

## Sources

- hydrocarbonprocessing.com: https://hydrocarbonprocessing.com/news/2020/05/wave-of-diesel-heads-to-europe-pressuring-refiners/

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