# Products: Mideast Term Premiums Crash on Diesel Oversupply | Energy Intelligence

> Bahrain Petroleum agreed on Nov. 16 to a $1.25 per barrel premium over Mideast quotes for calendar 2017 ULSD volumes, less than half the $2.65/bbl premium agreed for 2016. The sharp drop signals a steep fall in Mideast diesel term premiums.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: market · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/74010-products-mideast-term-premiums-crash-on-diesel-oversupply-energy-intelligence
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker Mideast diesel premiums signal oversupply in middle distillates, which tends to pressure diesel prices and refiners' margins. For feed buyers this is a minor input-cost signal via freight and fuel.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7d0-de4c-a17b-e7d270fd0000

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