Europe’s imports of diesel and gasoil from the United States is on track to reach a two-year high this month, data from Vortexa shows. In December, Europe’s U.S. loadings for diesel and gasoil reached 660,000t, according to Vortexa data cited by Argus. It was the highest amount headed to Europe in any month since September 2020—and a strikingly high 70% increase over cargos loaded in November. The rush for Europe to stock up on diesel and gasoil comes just a couple of months ahead of the European Union’s full ban on crude…
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