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Asian Diesel Prices Plummet $32 Amid Oversupply Crisis

2/18/2025

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Summary

Story summary

The East-West price gap for 10ppm sulphur diesel in Asia has widened to a $32 discount, the largest in over a year, driven by oversupply and sluggish demand. Meanwhile, Europe grapples with tight diesel supplies due to refinery outages, leading to soaring futures prices, as cold weather and rising natural gas costs fuel demand.

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Story summary

The East-West price gap for 10ppm sulphur diesel in Asia has widened to a $32 discount, the largest in over a year, driven by oversupply and sluggish demand. Meanwhile, Europe grapples with tight diesel supplies due to refinery outages, leading to soaring futures prices, as cold weather and rising natural gas costs fuel demand.