Shifting flows: US diesel displaces Middle Eastern supply to Europe
About this episode
In July, US diesel exports to Europe surged to multi-year highs, displacing Middle Eastern flows due to inverted arbitrage economics and a bearish near-term outlook for the commodity in Europe.
In this episode of the Platts Oil Markets Podcast, host Joel Hanley is joined by Robert Perkins, Nadia Bliznikova, and Rebeka Foley to explore the latest developments in diesel flows, crack spreads, and the macroeconomic environment influencing supply and demand balances in the Atlantic basin.
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Cairo Energy Forum
ULSD 10ppmS CIF NWE Cargo - AAVBG00
ULSD 10ppmS CIF Med Cargo - AAWYZ00
US diesel exports to Europe hit record high despite lackluster demand
Middle East diesel exports to Europe hit 9-month low in July amid higher US supplies (subscriber content)
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