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Europe Pulling in Record US Gulf Crude Volumes

OIL

European crude imports from the US Gulf are set to reach a new record of around 1.85mn bpd this month according to Bloomberg vessel tracking including forecast arrivals.

• Total volume for June will be about 55.5m bbl, or 1.85m b/d, the highest since 2016 when the US lifted its crude export ban.

• European imports of US Gulf cargoes have been lifted by the region looking to replace Russian barrels.



source: Bloomberg

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