CIF NWE Gasoil 10 ppm Today: Live Prices & Forecasts

Get the latest price snapshot and forward outlook for ultra‑low sulfur diesel (ULSD 10 ppm) on a CIF Northwest Europe (NWE) basis, a key benchmark for European diesel markets.

1. What Is CIF NWE Gasoil 10 ppm?

“CIF NWE Gasoil 10 ppm” refers to ultra‑low sulfur diesel (≤10 ppm sulfur) delivered on a Cost, Insurance, and Freight (CIF) basis to ports in Northwest Europe — including major hubs like Amsterdam, Rotterdam, Antwerp, and Le Havre. This price is widely used as a physical benchmark for diesel cargoes imported into Europe and reflects market conditions for EN590 ULSD close to consumption points.

2. Live Price Indicators

Key price indicators for CIF NWE Gasoil 10 ppm diesel are as follows:

• Spot Futures Price (ULSD 10 ppm CIF NWE): Around ~$722 / metric tonne for near-term delivery.
• Physical Market Price Range: Recent assessments show ULSD 10 ppm CIF NWE cargoes ranging from ~$732 to ~$734 per metric tonne.
• Regional Price Snapshot: European diesel cargoes are trading near mid-$740s per metric tonne in certain physical markets.

These figures represent the latest available market pricing indications, incorporating futures and physical assessments commonly used by traders, buyers, and refiners.

3. Forward Price Outlook & Futures Market

Market expectations and forward prices for ULSD 10 ppm CIF NWE are reflected in exchange‑traded futures contracts:

• Futures Curve: Contracts for late‑2025 and early‑2026 delivery are quoted in the ~750–756 $/mt range for ULSD 10 ppm CIF NWE cargoes, indicating a modest premium over spot.
• Balance‑of‑Month (Balmo) Futures: Additional futures products allow traders to hedge shorter‑term price changes within a given month.
• Mini Futures: Smaller‑size futures contracts allow for finer price exposure and are based on the same assessment for CIF NWE ULSD.

A futures curve above spot can signal expected price strength, limited supply tightening, or seasonal demand factors ahead. Conversely, flattening futures suggest market balance or limited upside expectation.

4. What Drives CIF NWE Diesel Prices?

Several market forces influence ULSD prices in Europe:

• Crude Oil Trends: Diesel prices often move with the broader crude complex; higher crude generally lifts diesel values.
• Refining Margins & Stocks: Tight inventories and strong refining margins support higher CIF prices.
• Seasonal Demand: Winter heating and transport demand can elevate prices in late Q4 through early Q1.
• Geopolitical & Supply Factors: Disruptions, refinery outages, or shipping bottlenecks can cause price spikes.

5. Using CIF NWE Prices in Contracts

Buyers and sellers often use CIF NWE diesel prices as a reference point for:

• Long‑term supply agreements priced off daily market assessments.
• Hedging strategies using futures and derivative products tied to ULSD 10 ppm CIF NWE contracts.
• Spot trade negotiations with freight adjustments to destination ports within Europe.

6. Risks and Market Considerations

Prices can shift rapidly due to changing fundamentals:

• Shifts in crude supply or production decisions.
• Diesel stock drawdowns or build‑ups in European hubs like ARA (Amsterdam‑Rotterdam‑Antwerp).
• Changes in freight rates or insurance costs affecting CIF delivered prices.
• Regulatory or sanction impacts on specific refined product streams entering Europe.

7. FAQ — CIF NWE ULSD Pricing

1. What does CIF NWE mean?
   It denotes the price for diesel delivered into Northwest European ports, including cost, insurance, and freight to destination.
2. Is CIF price higher than FOB?
   Yes — CIF includes freight and insurance on top of the FOB loading price at origin.
3. Can I hedge diesel price exposure?
   Yes — futures and derivative products tied to ULSD 10 ppm cargoes allow financial hedging against price moves.
4. Are these prices spot or forward?
   The article combines a near‑term spot indication and forward price references from futures curves.
5. Do these prices include all global origins?
   European CIF NWE assessments generally focus on non-sanctioned and compliant origins for the market.

Conclusion — Current Diesel Market Landscape

CIF NWE Gasoil 10 ppm prices reflect the balance of supply and demand for ultra‑low sulfur diesel in Northwest Europe. Current futures and physical price indicators show a robust mid‑$700s per tonne range, with forward contracts suggesting continued strength through early 2026. Market participants use these benchmarks to structure contracts, plan logistics, and hedge risk. Ongoing volatility from supply constraints and geopolitical impacts remains a defining factor in diesel price dynamics.