
Northwest European diesel refining margins rose more than 4% on Friday, with low-sulphur gasoil futures at a $69.29-per-barrel premium to Brent, up about $3 from the prior close. The IEA said member countries will release around 71 million barrels of emergency oil and product stocks through February 2027, including about 15 million barrels of diesel.
Tighter European diesel supply and wider crack spreads raise diesel and freight costs for feed producers and haulers, feeding into delivered feed prices. The IEA stock release partly offsets the squeeze, but Amsterdam-Rotterdam-Antwerp gasoil stocks are about 22% below last year, keeping upward pressure on diesel.
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.