ULSD Market Snapshot: 28 July – 3 August 2025
From our company archive. Market commentary reflects its original publication date.
ULSD Market Snapshot: 28 July – 3 August 2025
Northwest Europe (CIF ARA):
Prices trended slightly lower, closing the week around $762/MT, down from the previous week’s $770/MT. The dip was driven by sluggish inland demand and ample product availability across the ARA hub. Margins for refiners came under modest pressure, though crack spreads remained positive.
Mediterranean (FOB Med):
ULSD FOB Mediterranean ended the week at $748/MT, with a marginal week-on-week decline. Strong Russian inflows via Turkish blending hubs continued to weigh on regional differentials, while North African buying remained limited. Traders reported more offers than bids in the East Med.
Middle East (FOB UAE):
The UAE market was stable at $726/MT, with limited spot activity out of Fujairah. East African demand remained firm, but sellers were hesitant to commit volume without firm letters of credit. Arbitrage to East Africa was slightly less attractive due to high freight rates and port congestion in Mombasa and Dar es Salaam.
Asia (FOB Singapore):
FOB Singapore ULSD held around $735/MT, underpinned by steady regional demand, particularly from Indonesia and the Philippines. Chinese exports were subdued, offering some price support. Traders noted that upcoming refinery maintenance across Northeast Asia may tighten the regional balance into August.
#DieselMarkets
#ULSD
#FuelTrading
#OilAndGas
#EnergyMarkets
#MiddleDistillates
#GlobalEnergy
#MarineFuel
#RefinedProducts
#CommodityTrading
#ShippingAndLogistics
#EnergySecurity
#CrudeOil
#Downstream
#FreightRates
#ARAHub
#SingaporeFuel
#MediterraneanOil
#EastAfricaEnergy
#Distillates
#FuelSupplyChain
#OilPrices
#DieselDemand
#drakensbergenergy