# Europe distillates-diesel profit margins edge lower

> Northwest European diesel refining margins eased on Monday as hopes for a diplomatic end to the Iran war weighed on prices, with low-sulphur gasoil at a $69.56/bbl premium to Brent. ADNOC's CEO said global inventories have fallen nearly 1 billion barrels since Hormuz shipping was disrupted, and EU and UK diesel imports rose in October.

- Date: 2026-11-02 · published 2026-11-02T21:26:22.860Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/76194-europe-distillates-diesel-profit-margins-edge-lower
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tight European diesel and LNG supply keeps energy and fertilizer costs high, which feeds into feed production costs. Easing diplomacy hopes lower the price, but low inventories limit the downside.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-11-19 | [Europe Lockdowns, More Supply Cause 10-Cent Price Drop - Mansfield Energy](https://feedsoft.ai/events/11828-europe-lockdowns-more-supply-cause-10-cent-price-drop-mansfield-energy.md) | -6.5% | -6.9% |
| DIESEL | 2026-06-24 | [Diesel Prices Fall Below $5 a Gallon - TT](https://feedsoft.ai/events/19006-diesel-prices-fall-below-5-a-gallon-tt.md) | +4.3% | +30.9% |
| DIESEL | 2026-06-23 | [Benchmark diesel price falls below $5 per gallon - FreightWaves](https://feedsoft.ai/events/19007-benchmark-diesel-price-falls-below-5-per-gallon-freightwaves.md) | +7.4% | +33.6% |
| DIESEL | 2023-02-21 | [Diesel price down, but impact of Russian sanctions may be lifting rates overall - FreightWaves](https://feedsoft.ai/events/37498-diesel-price-down-but-impact-of-russian-sanctions-may-be-lifting-rates-overall.md) | +3.7% | -0.7% |
| DIESEL | 2024-08-19 | [No war for now brings another drop in benchmark diesel price - FreightWaves](https://feedsoft.ai/events/28989-no-war-for-now-brings-another-drop-in-benchmark-diesel-price-freightwaves.md) | -0.7% | -9.6% |
| BRENT | 2021-11-19 | [Europe Lockdowns, More Supply Cause 10-Cent Price Drop - Mansfield Energy](https://feedsoft.ai/events/11828-europe-lockdowns-more-supply-cause-10-cent-price-drop-mansfield-energy.md) | +0.4% | -8.6% |
| BRENT | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | +0.4% | -8.6% |
| BRENT | 2023-02-21 | [Diesel price down, but impact of Russian sanctions may be lifting rates overall - FreightWaves](https://feedsoft.ai/events/37498-diesel-price-down-but-impact-of-russian-sanctions-may-be-lifting-rates-overall.md) | -1.3% | -11.8% |

## Sources

- rallies.ai: https://rallies.ai/news/europe-distillates-diesel-profit-margins-edge-lower-05fc4206b96329b8

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