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US Boosts Diesel Exports to Europe amid Panama Canal Delays

OIL PRODUCTS

The US exports to diesel are at a record rate as delays at the Panama Canal shut out markets in the Pacific, according to BNEF.

  • US diesel exports to Europe could hit 437k b/d in December, over twice the level of November.
  • Diesel inventories in Europe are therefore expected to rebound from seasonal lows amid high flows from the USA.
  • Overall sentiment in the diesel market remains weak amid sluggish industrial activity, BNEF said.


Source: Bloomberg

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