# Oil Quarterly: Seasonality awakens Europe consumer refined products markets, external regions crucial

> S&P Global's quarterly oil outlook says European diesel and gasoil markets are firming with the seasonal winter heating demand. Low Rhine water levels have been raising barge freight costs over the summer and sinking the gasoil market.

- Date: 2018-10-04 · published 2018-10-04T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/62734-oil-quarterly-seasonality-awakens-europe-consumer-refined-products-markets
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Higher European barge freight and tighter inbound supply support regional diesel prices, which feed into the cost of moving commodities along the Rhine.

## Read by commodity

- BARGE: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-03-20 | [European diesel tightens, crude weakens as French refinery outages linger](https://feedsoft.ai/events/37028-european-diesel-tightens-crude-weakens-as-french-refinery-outages-linger.md) | +0.8% | -2.0% |
| DIESEL | 2017-07-21 | [Trans-Pac spot rates await peak season bounce \| Journal of Commerce](https://feedsoft.ai/events/69841-trans-pac-spot-rates-await-peak-season-bounce-journal-of-commerce.md) | +3.8% | +2.1% |
| DIESEL | 2019-11-30 | [Diesel prices expected to increase due to environmental regulations - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/56258-diesel-prices-expected-to-increase-due-to-environmental-regulations-supply.md) | +2.1% | +6.5% |
| DIESEL | 2017-07-31 | [European Diesel Jumps as Fire at Pernis Refinery Cuts Supply - Bloomberg](https://feedsoft.ai/events/70126-european-diesel-jumps-as-fire-at-pernis-refinery-cuts-supply-bloomberg.md) | +0.4% | -0.9% |
| DIESEL | 2017-08-28 | [Oil markets roiled as Harvey hits US petroleum industry](https://feedsoft.ai/events/69604-oil-markets-roiled-as-harvey-hits-us-petroleum-industry.md) | +8.4% | +14.3% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/zh/market-insights/latest-news/oil/100418-oil-quarterly-seasonality-awakens-europe-consumer-refined-products-markets-external-regions-crucial

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