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Europe’s Diesel Market Flashes Warning of Supply Pressures - BLOOMBERG

FEBRUARY 18, 2025

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Benchmark diesel futures are showing signs of market tightness in Europe, as fuel traders continue to face supply pressures.

The most-immediate contracts on Tuesday hit the steepest backwardation — where barrels for prompt delivery are more expensive than those further down the curve — since March. The structure is often interpreted as a sign of limited supply relative to demand, with traders willing to pay a premium for fuel that’s available sooner.

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