
ICE gasoil rose more than 4% in one session, reversing two weeks of weakness, as the EU cleared its 19th Russia sanctions package. The rally tightened forward spreads, firmed refining cracks and lifted biodiesel and renewable diesel economics.
The article says the move was energy-led rather than driven by any improvement in feedstock fundamentals.
Higher diesel prices improve biodiesel and renewable diesel margins, but the gain is driven by energy markets rather than tighter vegetable oil supply. Feedstock prices may not follow the diesel move.
Após 250 eventos altista de geopolítica passados, ULSD / Diesel subiu em mediana +1,7% em 5 sessões (58% de alta; metade central de -3,6% a +8,7%), e +0,9% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
ICE gasoil rose over 4% in one session on Oct 22 as the EU cleared its 19th Russia sanctions package, reversing two weeks of weakness and tightening spreads.
ICE gasoil rose more than 4% as the EU cleared its 19th sanctions package, tightening spreads and cracks and supporting the diesel rally, though the date is a day early.