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Sweeter European Crude Arriving from Africa

OIL

Europe imported 4mbd of sweet crude and 4.9mbd of sour crude in September, a 230kbd and 190kbd increase m-o-m, respectively according to Vortexa.

  • The increase can largely be attributed to flows from Africa.
  • Europe imported 2.7mbd of light-sweet crude in September, with over 50% coming from Libya, Algeria and Nigeria.

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