German Product Demand Rises on Supply Concerns: Argus

German demand for heating oil and fuels has risen sharply in the past week, amid concerns for supplies from the Middle East and falling domestic prices, Argus said.

• Gasoline demand surged particularly in the Emsland and South regions, while Middle distillates were primarily traded in Rhine-Main and Southwest.
• Argus said that some German consumers were pushed to refill their storage due to concerns that the Israel-Iran exchange of drone and missile attacks could escalate and disrupt regional supply.
• Some product prices have also fallen across Germany, boosting buying interest. There were below average product prices at refineries in Karlsruhe and Neustadt-Vohburg.
• The 310k b/d Karlsruhe sold volumes of heating oil a discount wider than 2 cents (Euro)/l compared to the national average.
• Gasoline at the 216k b/d Neustadt-Vohburg refinery was sold at a discount of almost 6 cents/l to the national average, Argus said.