Loading…
Mediterranean diesel cargo premiums to ICE gasoil futures rose to $11 a ton, their highest since August 2015. Traders cited a closed arbitrage from other regions, refinery maintenance in Spain, Israel and Algeria, and firm demand into Italy and Turkey.
Tight Mediterranean supply and strong premiums support global diesel prices and pull US cargoes east, lifting the price outlook for distillates.
hydrocarbonprocessing.comMay 5, 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.
