Europe’s Diesel Market Once Again Shows Signs of Unusual Summertime Panic
- Premium paid on prompt supply jumped sharply Wednesday
- Sparta notes a lack of imports as well as refinery outages
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Europe’s diesel market is starting to spike, underscoring its vulnerability to supply disruptions since cutting off imports from top supplier Russia earlier this year.
Premiums for immediately-available supplies surged on Wednesday, data from ICE Futures Europe show, indicating that traders perceive the physical market to be tightening.