Europe’s diesel crisis is set to worsen as refinery maintenance and unplanned outages result in reduced supply.
Wood Mackenzie: diesel stocks are unlikely to build from current levels.Europe’s diesel crunch is set to worsen in the coming months as more European refineries shut down for maintenance this month, and unplanned outages reduce supply. European fuel demand will draw additional imports from other regions, tightening further already tight global refined product markets.
“We expect prices to really spike ... mid-January, probably February, but we may see a spike little bit earlier as the market starts to panic,” Williams told Reuters.a lot of diesel from Russia, months before the embargo, and paying more for the fuel than it did for that supply back in May. But it is also looking to import more diesel from Asia and the Middle East, as flows observed by oil analytics firm Vortexa in early SeptemberDespite the fact that U.S.
that any artificially imposed limits on U.S. fuel exports could lead to potential cost increases, refinery closures, job losses, and productivity declines in America, and will only aggravate the global supply shortfall.
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