Europe’s diesel market gets more bullish as it struggles to attract US supply
14 June 2024
Time to read: minutes
“It’s currently not profitable for the region for traders to direct supply from the US”, Sparta analyst James Noel-Beswick said in a note this week.
Bloomberg, June 14, 2024 – James Noel-Beswick from Sparta indicated that Europe’s diesel market is becoming more bullish due to a lack of profitable supply from the U.S., with the bullish trend likely to continue as long as transatlantic trade remains unprofitable. Meanwhile, diesel flows from the Middle East and India’s west coast are favoring Asia over Europe.
Book a demo to see how Sparta enables you to trade with conviction
