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Gasoline slips on lack of US demand

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Published14 JUN 24 - 10:26 Reading time  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 commented on the European diesel market, stating that the bullish trend in diesel prices is likely to continue due to the lack of profitable supply from the U.S. He noted that current trade dynamics favor Asia over Europe for diesel flows from the Middle East and India’s west coast.

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