Asia May weather tight global diesel market better than Europe

“Based on current refining operating rates and crude availability, there are no major issues with diesel supply in Asia. In fact, the likelihood is for Asia supporting Europe with diesel exports if Trump really bans US exports.” — June Goh, Senior Oil Analyst at Sparta.

• Expert: June Goh (Senior Oil Market Analyst, Sparta)
• Publication: Bloomberg
• Market Focus: Diesel, Distillates, Refining Operating Rates, Trade Flows
• Geographies: Asia, Europe, Singapore, United States

In a recent analysis for Bloomberg, Sparta’s Senior Oil Market Analyst, June Goh, said there are no major issues with diesel supply in Asia based on current refining operating rates and crude availability. Asia looks better placed than Europe to weather a global diesel crunch, with Northwest Europe spot cargoes averaging about $174/t above Singapore in September, versus $27 in May. Goh flagged the risk if the Trump administration bans US diesel exports, a move that could tighten Europe further. Traders should watch whether Asian barrels start flowing west, and how far the NWE premium over Singapore widens if US export curbs materialise.

[Read June Goh’s full commentary in Bloomberg]

About the Author
 June Goh | Senior Oil Analyst, Sparta Commodities
June is a senior oil market analyst at Sparta specialising in global crude trade flows and refining economics across Asia and Europe. Her analysis is regularly cited by Bloomberg, the Financial Times, and Reuters. With a significant following in the energy community on X (@JuneGoh_Sparta), June’s insights are a staple for institutional traders navigating regional market shifts.
Connect: LinkedIn / X

About Sparta
Sparta is the AI leader for commodity trading, home to Leonidas AI, the first decision-making engine for oil and commodity traders. Backed by USD 42 million in Series B funding led by One Peak, with participation from returning investors FirstMark and Singular, the same investors behind AI leaders like Legora, Dataiku, and Synthesia. From independents to multinationals, the world’s leading commodity teams use Sparta and Leonidas AI to move faster, trade smarter, and stay ahead of the market.

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