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Libyan Crude Flows to Europe Sinking

OIL

Europe is being hit by a lack of Libyan crude availability. European imports of Libyan crude and condensates have dropped by 140kbd m-o-m in June and 400kbd below April – the highest month in 2022 for Libyan exports according to Vortexa.

  • Europe has instead been turning towards West African grades this month. European imports of West African sweet crude saw a significant increase in June so far, sitting at two-year highs at 1.1mbd.

Source - Vortexa

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Europe is being hit by a lack of Libyan crude availability. European imports of Libyan crude and condensates have dropped by 140kbd m-o-m in June and 400kbd below April – the highest month in 2022 for Libyan exports according to Vortexa.

  • Europe has instead been turning towards West African grades this month. European imports of West African sweet crude saw a significant increase in June so far, sitting at two-year highs at 1.1mbd.

Source - Vortexa