Asian Fuel Suppliers Are Sending “Everything They Can” To Europe ...Middle East

Asian fuel sellers are increasing their shipments of diesel to energy-starved Europe, benefiting from the premium European buyers are willing to pay for the fuel amid a deepening global and regional deficit. Global diesel inventories have declined precipitously since demand rebounded over the last two years, largely due to a decline in refinery capacity during the pandemic. The refinery workers’ strike in France certainly did not help matters in Europe specifically, adding to diesel supply woes, perhaps the most important of the oil derivatives…

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