High energy prices add to tightness in the European middle distillates complex
High natural gas prices are leading to both a tighter European supply of middle distillates and greater global gasoil demand, while the diesel cargo market was supported by higher demand into Germany and an open arbitrage to the US. In the meantime, jet fuel demand is slowly recovering, the paper market is flying amid bullish market sentiment with aviation fuel consumption expected to pick up from November when the US lifts its travel ban.
In this episode of the Oil Markets Podcast, S&P Global Platts associate editors Virginie Malicier and Gary Clark discuss with Francesco Di Salvo the most recent trends in European diesel, heating and jet fuel markets.