ULSD Market Snapshot – June 5, 2025
From our company archive. Market commentary reflects its original publication date.
ULSD Market Snapshot – June 5, 2025
Northwest Europe (NWE)
• CIF Price: $721.96/MT
• FOB Price: $7.05/MT
• Market Note: Platts has discontinued its ULSD 10 ppm CIF NWE (all origin) assessment as of January 2, 2025, due to changes in trade flows post-EU sanctions on Russian oil products.
Mediterranean
• CIF Price: $766.39/MT
• FOB Price: $7.90/MT
• Market Note: The Mediterranean Sea has become an Emission Control Area (ECA) as of May 1, 2025, mandating marine fuels with sulfur content capped at 0.1%. This change is expected to increase demand for 0.1% sulfur marine gasoil (MGO) in the region.
United Arab Emirates (UAE)
• CIF Price: $586/MT
• FOB Price: $586/MT
• Market Note: The UAE’s non-oil private sector growth slowed in May, with the PMI falling to 53.3, the lowest since September 2021, suggesting moderated demand in the near term.
Singapore
• CIF Price: $868/MT
• FOB Price: $80.64/barrel
• Market Note: Singapore’s diesel market remains robust, with ULSD prices reflecting steady demand in the region.
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