# European Cargo Cash Premiums to Benchmark Gasoil Futures Were Assessed at $10.50/Mt_Industries_News_Xccylj.com

> Platts assessed Northwest European cargo premiums to ICE gasoil futures at $10.50/mt on Friday, the weakest since January. Large ULSD volumes from the Americas and Baltic flooded the region, and some refinery sources suggested run cuts may follow.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/74011-european-cargo-cash-premiums-to-benchmark-gasoil-futures-were-assessed-at-10-50
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Heavy transatlantic diesel arrivals and weak premiums point to bearish diesel demand conditions and possible refinery run cuts, which reduce product supply and can weigh on diesel values.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-08-23 | [Europe draws record diesel supplies as refiners continue to run near capacity \| S&P Global](https://feedsoft.ai/events/28995-europe-draws-record-diesel-supplies-as-refiners-continue-to-run-near-capacity-s.md) | +0.8% | -4.3% |
| DIESEL | 2022-09-14 | [Diesel margins tank as market weighs possible China exports \| Air Freight News](https://feedsoft.ai/events/39779-diesel-margins-tank-as-market-weighs-possible-china-exports-air-freight-news.md) | -5.5% | +15.1% |
| DIESEL | 2018-03-13 | [Russia ramps up fuel exports in fight for European market](https://feedsoft.ai/events/66207-russia-ramps-up-fuel-exports-in-fight-for-european-market.md) | +2.6% | +11.1% |
| DIESEL | 2018-06-27 | [Products: Imports Mount as Asian VLCCs Target Europe  \| Energy Intelligence](https://feedsoft.ai/events/64695-products-imports-mount-as-asian-vlccs-target-europe-energy-intelligence.md) | +1.6% | +1.0% |
| DIESEL | 2021-08-22 | [Asia Has Too Much Diesel and It’s Likely Headed to Europe - Bloomberg](https://feedsoft.ai/events/11406-asia-has-too-much-diesel-and-it-s-likely-headed-to-europe-bloomberg.md) | +10.8% | +13.8% |

## Sources

- xccylj.com: http://www.xccylj.com/news/show-htm-itemid-1691.html

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