EU braces for diesel crunch – analysis ...News

Russia Today - Economy
EU braces for diesel crunch – analysis
source : Russia Today ( News ) () 68
Stockpiles of the fuel are projected to hit a 12-year low in early spring Diesel fuel inventories in northwest Europe will drop to the lowest in nearly 12 years as early as March, Bloomberg reported on Wednesday, citing the latest outlook from Wood Mackenzie. Analysts at the UK-based consultancy expect the stocks to be filled in December and January, before a sharp drop-off, and then hit the lowest on record for any month in data going back to 2011. Starting early February, EU’s latest sanctions against Russia will prohibit imports of nearly all seaborne refined petroleum products, including diesel-type fuel, from

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