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EU Diesel Imports On Track for 14% YoY Decline in 2023

OIL PRODUCTS

European diesel imports are on track to decline by 14% year on year in 2023, following the introduction of sanction on Russian oil products imports, Vortexa data showed.

  • Lower imports are weighing on supply, which could explain why the diesel premium to crude oil is well above the seasonal norm, despite multiple recent signs of weak demand.

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