Free Trial

European Diesel Imports Rebound in Sep: Bloomberg.

OIL PRODUCTS

European diesel imports are set to hit an 8-month high in H1 September amid higher flows from the East of Suez.

  • This surge is expected to abate in H2 as refinery turnarounds kick-in within exporting countries.
  • Diesel arrivals into the EU and UK are forecast to be 1.4m b/d in the first 15 days to September, according to Bloomberg and Vortexa data.
  • This is the highest since January, when buyers looked to maximise purchases of Russian diesel before the embargo took effect in February.
  • Arrivals from Saudi Arabia hit a four-month high at 317k b/d while Qatari flows rose to 112k b/d, the highest since 2016.

Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.