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Ultra-low-sulfur diesel lost ground against crude oil in Europe last week. Rising imports from the Mideast Gulf and Asia more than offset falling local production and reduced Russian loadings.
Heavier Eastern imports add supply to European diesel markets, which weighs on diesel prices relative to crude. Lower diesel costs ease fuel and freight expenses for feed transport.
energyintel.comApr 24, 2019Not 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.
