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Jul 5, 2017TRADEAsia

Asia's Booming Diesel Market Draws Rare European

Oil traders booked rare diesel cargoes from Northwest Europe to Singapore and the Middle East, as strong Indian demand and regional refinery maintenance lifted Asian prices. Asian diesel margins climbed to a 2-1/2-month high.

WHY IT MATTERS

Unusual export flows out of Europe signal tighter Asian diesel supply, which supports diesel prices and margins in both regions.

AFFECTSULSD / Diesel▲

SOURCE
marinelink.comJoseph KeefeJul 5, 2017

Price reaction & history

ULSD / Diesel▲bullishSO FAR1d -1.3%5d -1.2%20d +9.9%

After 26 past bullish trade events, ULSD / Diesel moved a median -1.9% over 5 sessions (31% higher; middle half -5.6% to +1.6%), and -4.8% over 20.

Apr 19, 2017IRPC '17: Senior engineer sees "dynamic market" for European diesel imports-4.7%
Oct 14, 2022Traders divert Europe-bound diesel to U.S. in race to re-stock-7.6%
Oct 22, 2021China's CNOOC makes rare diesel imports, trading sources say-1.6%
Sep 29, 2023Distillate summary: China, India spook diesel markets-12.8%
May 5, 2026Booming US energy exports draw scrutiny as domestic fuel prices bite | Reuters-1.8%

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.

ULSD / Diesel DIESEL · GP ▸

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