Europe’s diesel rebuild leans on US refining
Seaborne diesel/gasoil imports into Europe are recovering in May after hitting a decade low in April. Diesel/gasoil exports to Europe from outside regions rose to 1.5mbd in May (days 1-18), up 16% y-o-y, despite supplies from the usual East of Suez markets, Middle East Gulf and India West Coast, down to near zero. The y-o-y gain from US flows alone…
Key Insights
- This topic is currently trending
- Experts are closely monitoring developments
- It may impact future decisions
