European Diesel Daily Market Analysis / European diesel prices rise to five-month highs / September ICE LSGO contract expires at $1,472.75/mt

Sep 14, 2026

The European diesel complex surged as the October ICE low-sulfur gasoil (LSGO) futures contract assumed the front-month position and pushed up day-over-day. the Mo1 contract at $1,476/metric ton Sept. 10, up $4.50, despite the September contract’s expiration. The September ICE LSGO contract expired at $1,472.75/mt, with the September-October spread settling at a $42/mt backwardation at noon London time Sept. 10, ICE data showed. On top of the small upward movement in futures, cash premiums to the Mo1 contract soared, pushing physical cargo flat prices to five-month highs. the 10 parts per million CIF Northwest Europe cargo flat price at $1,554/mt Sept. 10, up $68, while 10ppm CIF Mediterranean cargoes rose $87.75 to $1571.25/mt, marking the second highest price on record for. “The Russian ban is the main factor driving the...

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