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US to Europe Diesel Flows Over 4.5 Year High

OIL PRODUCTS

US gasoil/diesel arrivals in Europe are poised to be about 1.14 million tons in July – the highest since December 2018 according to Kpler and Vortexa figures.

  • US flows that usually headed to South America have been displaced by Russian flows which used to head to Europe.
  • European refinery outages have boosted cracks in the region as well as gaining support from a lack of Russian supplies this year.

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