# Gasoil's Dec/Jul Backwardation Surges Near +$242, Just $74 Off All-Time Highs, Splitting Biofuel Margins as Ukrainian Crushers Go Dark

> ICE gasoil's December/July backwardation rose $30.50 to +$241.75 per tonne, close to its mid-September peak, while flat-price December gasoil gained 2.5%. The December NYMEX ULSD contract slipped, widening the gasoil-versus-ULSD spread. The IEA's November Oil Market Report said European diesel remains 77% above pre-war levels and called it an overriding concern.

- Date: 2026-11-13 · published 2026-11-14T00:07:42.743Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/98549-gasoil-s-dec-jul-backwardation-surges-near-242-just-74-off-all-time-highs
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A steep front-end premium on European diesel raises the value of distillate and biofuel feedstocks, which can support vegetable oil prices through biodiesel margins. The divergence from US ULSD shows the regional split in diesel tightness.

## Read by commodity

- SBO: bullish ▲
- DIESEL: bullish ▲

## Sources

- globalbiodiesel.com: https://www.globalbiodiesel.com/post/gasoil-s-dec-jul-backwardation-surges-near-242-just-74-off-all-time-highs-splitting-biofuel-margi

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