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Europe's low-sulfur gasoil backwardation is flattening as the region prepares for about 4 million tons of diesel imports in November. Supply is coming from Russia, the U.S. and East of Suez, partly to offset Hurricane Harvey damage and Russian refinery maintenance.
Heavy incoming diesel imports ease European tightness and may cap diesel price gains, which lowers near-term fuel cost pressure for feed logistics.
energyintel.comOct 26, 2017Not 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.
