Northwest European diesel refining margins fell more than 7% on Tuesday, with low-sulphur gasoil’s premium to Brent declining about $5.58 per barrel to $67.01. Oil prices fell to two-month lows as U.S. officials played down further military action against Iran, while Russia said diesel supply arrangements were functioning and lowering prices.
Lower crude prices and available Russian diesel supply reduce the scarcity premium for Northwest European gasoil, pressuring diesel margins and prices. This is an energy-market development with no direct feed commodity effect.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.