Diesel Rally Collides With Structural SAF Shift – China Takes More EU Market Share
ICE gasoil roared back with a one-day surge of more than 4 percent, easily clearing a one standard deviation move and reversing two weeks of weakness in a single session as EU clears a 19th Russian Sanctions package. The diesel-led rally tightened forward spreads, firmed refining cracks, and triggered mechanical compression across biodiesel and renewable diesel economics. The tone shift was aggressive, but it was entirely energy-led, not driven by any recovery in feedstock fundamentals.
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