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Market Chatter: European Diesel Prices Reportedly Overtake Jet Fuel as Supply Tightens

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European diesel prices have overtaken jet fuel for the first time in more than a year as the region struggles to secure supplies amid disruptions to Russian and Middle Eastern exports, Reuters reported on Thursday, citing LSEG data.

Europe reportedly increased jet fuel imports to about 750,000 barrels per day in June and July, up from 612,000 bpd in January, while diesel imports fell to 1.56 million bpd in July from 1.97 million bpd in January.

Diesel scarcity could worsen into winter, while weakening post-summer jet demand and rising imports pressure jet fuel prices, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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