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OIL PRODUCTS: U.S. Gulf Diesel Exports Finish Year at Pace

OIL PRODUCTS
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U.S. Gulf diesel exports have been healthy since around the second quarter of this year and are finishing the year on a high according to Vortexa.

  • USGC diesel/gasoil exports rose 25% m-o-m in November to 1.2mbd with preliminary data for December (days 1-15) suggesting exports reaching 1.3mbd.
  • Northwest European buying has been supportive for around a quarter of the December purchasing.
  • USGC diesel also made a comeback in Brazilian markets as Russian diesel supply was reduced by refinery attacks and domestic demand but these barrels are expected to return as runs ramp up. 

 

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U.S. Gulf diesel exports have been healthy since around the second quarter of this year and are finishing the year on a high according to Vortexa.

  • USGC diesel/gasoil exports rose 25% m-o-m in November to 1.2mbd with preliminary data for December (days 1-15) suggesting exports reaching 1.3mbd.
  • Northwest European buying has been supportive for around a quarter of the December purchasing.
  • USGC diesel also made a comeback in Brazilian markets as Russian diesel supply was reduced by refinery attacks and domestic demand but these barrels are expected to return as runs ramp up. 

 

Keep reading...Show less