Page 3 - David Wech News Today

Russia focuses on other markets, like India and China, with fall in European buyers due to sanctions

Nearly half of all seaborne diesel imports to the EU and the UK came from Russia this month, a worrying sign ahead of the oil products embargo in February

Less than three months before the embargo kicks in, Russia is still the biggest supplier of diesel to Europe

While oil supply fears are legitimate, a fundamental shift in the global economy is set to counter supply disruptions with significant demand destruction

Amid an energy crisis, sky-high inflation, and a possible recession, some experts think a new debt crisis could also be looming for some European nations.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

China’s gasoline and diesel exports jumped drastically in August due to new export quotas and weak domestic demand

While the U.S. would struggle to boost diesel exports to Europe, China has the capacity to process and export more fuels if it chooses

There are seven tankers currently laden with Asian diesel heading for Europe, as the continent's energy crisis intensifies.

With winter looming, U.S. distillate inventories falling, and a ban on Russian crude coming into effect, diesel markets will only get tighter