European Diesel Crack Spreads Surge Amid Refining Constraints

European Diesel Crack Spreads Surge Amid Refining Constraints
The cost of diesel over Brent crude in Europe has surged dramatically, expanding from $20 to roughly $90 a barrel as severe regional refining bottlenecks, lower global refinery runs, and geopolitical disruptions squeeze distillate markets.
Industry data indicates that shrinking spare capacity, reduced Russian waterborne shipments, and heightened seasonal demand ahead of winter have driven processing margins to extreme highs, keeping cost pressures elevated across freight, manufacturing, and transport sectors.