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Ultra-low-sulfur diesel prices are under heavy pressure in Europe as a wave of US diesel imports arrives. The pressure coincides with Royal Dutch Shell restarting its 404,000 b/d Pernis refinery in Rotterdam.
Cheaper transatlantic diesel supply weighs on European diesel prices and margins, which can ease the global diesel complex. Lower diesel values reduce the cost of freight and farm fuel inputs for feed buyers.
energyintel.comAug 16, 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.
