# Northwest European diesel margins fall over 4% on oil price drop

> Northwest European diesel refining margins fell more than 4% on Wednesday as oil prices declined on expectations of reduced tensions in the US-Israeli war on Iran. Low-sulphur gasoil futures were at a $68.87 per barrel premium to Brent, down nearly $3, and the U.S. Energy Department agreed to loan 300,000 barrels of heating oil from its reserve to four companies.

- Date: 2026-11-04 · published 2026-11-04T21:07:54.882Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/80453-northwest-european-diesel-margins-fall-over-4-on-oil-price-drop
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower European diesel margins reflect easing crude and product prices, which reduces near-term cost pressure on freight and fuel-linked feed logistics, although tight distillate supply still limits downside.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/commodities-news/northwest-european-diesel-margins-fall-over-4-on-oil-price-drop-93CH-5001084

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