European physical diesel market remains in backwardation

In this podcast, Tim Worledge, Platts European Marketscan editor, and Simon Thorne, managing editor of Platts EMEA oil team, discuss the factors behind ongoing backwardation in the European physical diesel market, despite the paper structure remaining deeply in contango; examine the impact on the middle distillates market of the recent fire at Shell's Pernis refinery and strikes at the French ports of Fos and Lavera; and analyze the overall picture for diesel demand.

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This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.

We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.

Created: December 16, 2008

European Marketscan provides essential coverage of the refined products marketplace. It features key price assessments for the north west European and Mediterranean cargo markets, and the ARA barge market, including gasoil/diesel, gasoline, jet fuel, naphtha, fuel oil and feedstocks.

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