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European diesel imports are rising, with at least two more very large crude carriers carrying Asian ultra-low-sulfur diesel expected to arrive next month. Flows from Russia and the US on smaller tankers are also expected to ramp up for the summer.
Growing diesel imports into Europe add supply that could ease European diesel tightness and weigh on ULSD prices, which matter for feed-mill and farm freight costs.
energyintel.comAuthor Kerry Preston, UNITED KINGDOMJun 27, 2018After 28 past bearish trade events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -5.0% to +1.7%), and +0.9% over 20.
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.
