
Diesel prices in Asia, Europe and the US rose after the U.S. sanctioned Gazprom Neft, Surgutneftegas, 183 vessels and other entities on January 10. European diesel backwardation reached a 10-month high and refining margins hit a five-month high of $20 a barrel.
At least 150,000 bpd of Russian diesel exports were expected to be disrupted.
Sanctions removing a large volume of Russian diesel exports, with margins and backwardation at multi-month highs, point to firmer global diesel prices. Higher fuel and freight costs add to the operating cost of feed production and delivery.
Setelah 250 peristiwa geopolitik bullish sebelumnya, ULSD / Solar bergerak median +1,7% selama 5 sesi (58% lebih tinggi; separuh tengah -3,6% sampai +8,7%), dan +0,9% selama 20 sesi.
Setelah 656 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,9% selama 5 sesi (63% lebih tinggi; separuh tengah -2,7% sampai +6,6%), dan +0,7% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Sanctions on Gazprom Neft, Surgutneftegas and 183 vessels threatened 150k bpd of Russian diesel exports, tightening supply and lifting margins and backwardation.