Bloomberg - Mar 28 - Don't ignore diesel While everyone is watching oil, gas and dist inventory...we are hitting critical issues on diesel.
With the Russia/Ukraine situation becoming a prolonged issue this problem will continue to grow. Europe is in trouble and US exports are seeing major increases.
Why is this important....fossil fuels to the highest bidder...
Reference:
https://www.bloomberg.com/news/articles/2022-03-28/u-s-exports-more-diesel-as-global-shortage-fuels-competition U.S. Exports More Diesel as Global Shortage Fuels Competition
March 28, 2022, 3:02 PM EDT
The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine.
Waterborne diesel exports out of the U.S. Gulf Coast have climbed to 1.04 million barrels per day so far this month, on track to hit the highest level since August 2019, according to estimates from oil-analytics firm Vortexa.