◂ Event Timeline

Dec 23, 2019LOGISTICSEurope

Products: Diesel Spikes on French Strikes, IMO 2020

European ULSD supply is short ahead of next week's IMO 2020 bunker sulfur ban. French strike action threatens to shut a significant share of the region's refining capacity.

WHY IT MATTERS

Refinery strikes in France cut European diesel output, pushing diesel prices up. Higher fuel costs feed into shipping and trucking expenses for feed importers.

AFFECTSULSD / Diesel▲

SOURCE
energyintel.comAuthor Kerry Preston, UNITED KINGDOMDec 23, 2019

Price reaction & history

ULSD / Diesel▲bullishSO FAR1d +0.1%5d +0.8%20d -11.1%

After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.

May 8, 2019Products: Diesel Spikes on Unplanned Run Cuts | Energy Intelligence+1.1%
Nov 25, 2019Products: Russia Could Benefit from IMO 2020 Tanker Rate Spike | Energy Intelligence-2.4%
Sep 20, 2017Products: US Diesel Missing Until November | Energy Intelligence+4.1%
Aug 22, 2018Products: Low River Levels Disrupt Euro Diesel Flow | Energy Intelligence+4.2%
Oct 7, 2020Products: ULSD Firms on Lower Russian Arrivals | Energy Intelligence-1.1%

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.

ULSD / Diesel DIESEL · GP ▸

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