# Mediterranean diesel diffs at 21-month high on tight supplies

> 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.

- Date: 2017-05-05 · published 2017-05-05T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71181-mediterranean-diesel-diffs-at-21-month-high-on-tight-supplies
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight Mediterranean supply and strong premiums support global diesel prices and pull US cargoes east, lifting the price outlook for distillates.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- hydrocarbonprocessing.com: https://hydrocarbonprocessing.com/news/2017/05/mediterranean-diesel-diffs-at-21-month-high-on-tight-supplies/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.