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Europe’s diesel crack spread rose above $100 per barrel for the first time, reaching $104.08 for southern European delivery, as renewed Middle East conflict and Russia’s diesel export ban tightened supply. Argus warned the premium could widen over the next two months as refineries undergo maintenance.
Disrupted exports and reduced refinery availability restrict diesel supply, supporting European diesel prices and increasing fuel costs for transport and agriculture. Further maintenance could prolong the squeeze.
freedium-mirror.cfdNov 8, 2026After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
