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Russian Diesel Supplies to Europe Not Falling

OIL PRODUCTS

Europe has yet to wean itself off Russian diesel imports, which still run at 600kbd and make up more than 50% of diesel imports from non-European sources according to Vortexa.

  • It will require more countries to take Russian diesel to allow for the necessary flow reshuffling without losing Russian supplies.
  • The chart below shows European (excl. Turkey) diesel imports by source (kbd, 4-week average):

Source: Vortexa

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