# European oil product margins spike in Harvey's wake

> Benchmark European gasoline refining margins rose nearly 9 percent to their highest since April after Harvey knocked more than 2 MMbpd of US refining capacity offline. Diesel margins also rose more than 16 percent from a week earlier.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8396-european-oil-product-margins-spike-in-harvey-s-wake
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Europe is expected to supply more gasoline and diesel to the US and Latin America, which raises European product prices. Higher freight rates on the transatlantic route add to delivered fuel costs.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2017-02-28 | [Soybean harvest in full swing in Mato Grosso](https://feedsoft.ai/events/72333-soybean-harvest-in-full-swing-in-mato-grosso.md) | -2.7% | -8.6% |
| DIESEL | 2026-10-06 | [Margins Tighten for Producers Amid Feed and Fuel Cost Increases - NMPF](https://feedsoft.ai/events/17118-margins-tighten-for-producers-amid-feed-and-fuel-cost-increases-nmpf.md) | +5.0% | +3.3% |
| DIESEL | 2025-01-09 | [Oil settles up 1% as cold weather in US, Europe drives winter fuel demand \| Reuters](https://feedsoft.ai/events/10347-oil-settles-up-1-as-cold-weather-in-us-europe-drives-winter-fuel-demand-reuters.md) | +11.3% | +3.2% |
| DIESEL | 2021-08-26 | [Climate Change Speeds Up U.S. Harvest, Giving Oil Unlikely Lift \| Financial Post](https://feedsoft.ai/events/45749-climate-change-speeds-up-u-s-harvest-giving-oil-unlikely-lift-financial-post.md) | +0.4% | +6.3% |
| DIESEL | 2017-08-28 | [As Harvey Rages in Texas, Diesel Starts to Climb - TT](https://feedsoft.ai/events/8389-as-harvey-rages-in-texas-diesel-starts-to-climb-tt.md) | +8.4% | +14.3% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2017/08/european-oil-product-margins-spike-in-harveys-wake/

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