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Increase in Diesel and Jet Fuel to EU

OIL PRODUCTS

Increase in diesel and jet fuel heading to Europe from Saudi Arabi and Kuwait.

  • Estimations are that 1.88m tons of diesel could arrive in Europe from the Middle East in Jul compared to 1.33m tons in June according to Bloomberg. The July delivery would be the highest since at last the start of 2020.
  • Jet fuel shipments look likely to increase to 874k tons in July compared to 521k tons in June.

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