European spot prices slide as market eases into shoulder season.

摘要

Spot product prices fell in the week to Sept. 20, except for gasoline which inched up, as summer consumption had already wrapped up but winter demand had yet to kick in, a period which is known as the shoulder season. ULSD prices skidded, despite the market in Northwest Europe (NWE) being assessed as balanced as a steady stream of shipments poured into the region from the US and Asia to offset a drop in refinery production amid seasonal turnarounds. Diesel shipments from the US alone could reach 2MM mt (15MM bbl) this month, one of the highest monthly volumes on record. "