Palm Opens a Blending Window as Diesel Cracks Hold Above $100/Brl
Diesel’s underlying strength remains the defining feature of September 14, despite a pullback in fuel prices during the session. The heating-oil crack chart remains around $105–110/bbl, compared with roughly $30–35/bbl early in 2026. Last week’s European diesel cracks reached $104.51/bbl and Singapore gasoil cracks $89.45/bbl, while ARA jet inventories stood 59% below a year earlier. Against that backdrop, October gasoil’s latest decline of $15.75/t to $1,463.50/t represents some relief from exceptionally high levels. October soybean oil gained 0.46¢/lb to 69.65¢/lb, equivalent to $1,535.50/t, leaving BOGO at plus $72/t. That is $25.89/t wider on the day, but dramatically below the roughly +$650–675/t seen around midyear.
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