NewsSignals AI analysis·Reuters·Oct 28, 2026

Diesel, jet fuel markets dip on rising regional supply expectations

Grade Bbearish AI signal$GO$JET$BRENT

Asian diesel and jet fuel markets weakened as expectations of higher Chinese exports pressured prices, with diesel cash differentials falling to a nine-month low. China issued additional export quotas that will boost regional supplies heading into November, while spot gas oil and jet/kero prices each fell by nearly $9 a barrel. Rising regional availability could continue to pressure diesel and jet fuel prices and refining margins in the coming weeks.

Bullish strength: 20/100

The east-west price spread for November widened to almost $185 per metric ton.
Russian Baltic and Black Sea crude exports are forecast to fall next month as domestic refiners increase output.

Bearish strength: 80/100

Additional Chinese export quotas are expected to boost regional diesel and jet fuel supplies heading into November.
Diesel cash differentials fell to a nine-month low, while front-month timespreads for diesel and jet fuel approached four-month lows.
Spot gas oil prices fell by about $8.86-$8.92 per barrel, and spot jet/kero prices dropped $8.96 per barrel.
Refining margins declined to their lowest level since late August.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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