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What's happening to the supply and demand balance for road fuels in Europe?

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Listen: What's happening to the supply and demand balance for road fuels in Europe?

All eyes are on supply in European diesel markets, where demand has remained relatively stable at almost back to pre-pandemic levels, but due to the spread of the Delta variant in Asia more cargoes are making their way to Europe and elsewhere. In both the diesel and gasoline Mediterranean markets, prices are strong due to good demand and some supply tightness, while the gasoline Europe to US arbitrage has been firmly open during the summer driving season.

In this episode of the Oil Markets Podcast, S&P Global Platts diesel reporter Rowan Staden-Coats and gasoline reporter Joseph McDonnell discuss with Gary Clark the latest dynamics in the European road fuel markets and how they are being impacted by other regions of the world.

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