Historical maximum: American diesel has completely replaced Russian fuel from Europe

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The US is becoming a key supplier of diesel fuel to Europe. Exports of this commodity from America to Europe are expected to reach an all-time high this month, despite delays in shipments to customers caused by Hurricane Beryl earlier this month. This abundant flow will pave the way for fuel from the Gulf Coast to European consumers, despite the weakening of middle distillate cracking. OilPrice writes about this.

Consulting agency Platts predicts that transatlantic trade in middle distillates will soar to more than 500 thousand barrels per day, supported by a decline in exports from Saudi Arabia in June-July, as well as the almost complete departure of refined products from Russia that previously passed through third countries. Valero and ExxonMobil lead the list of suppliers.



The United Kingdom is the largest buyer of US diesel, accounting for about a third of all exports to Europe, followed by the Netherlands and Belgium, home to the Amsterdam-Rotterdam-Antwerp trading and blending hub.

Diesel prices in Europe remain sluggish after falling from $28 a barrel in March to $16 to $17 a barrel now, but arbitrage remains wide open for U.S. diesel as Gulf Coast refineries run at full capacity.

As you can see, American shale producers, with the help of the state lobby, achieved their goal by displacing Russian raw materials, if not with sanctions, but with the help of pressure in the sphere policy. EU clients simply have no alternative routes for supplying large volumes of fuel, so they have to buy from “friendly” America.
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  1. Paul3390
    Paul3390
    0
    27 July 2024 07: 47
    You can’t remove diesel from shale oil, at least not much. Too light. This means they are driving from imported heavy ones. It’s unlikely to be Iranian; after decades of sanctions, oil production in Venezuela is not at all bad. So what happens - they are driving them out of the Russian one??
    1. Kentttt
      Kentttt
      +1
      27 July 2024 08: 28
      What nonsense you write! You need basic knowledge about oil distillation. The lightest fractions are gasoline, then diesel fuel, fuel oil, oils, and paraffins.
      In addition, Russian oil accounts for 6,5% of the world market volume.
      Mobility is supported by tankers. But tankers carry not only oil, but also processed products.
      Light oil from the Persian Gulf has a high yield of gasoline and is the most in demand. But this does not mean that solarium is not produced from it.
      Both gasoline and diesel fuel can be obtained from shale oil.
      1. Paul3390
        Paul3390
        +1
        27 July 2024 11: 37
        Do you want to embarrass yourself? I won’t poke your nose at the sources, as I understand it, it’s pointless with you - just think for a second why the United States, which has flooded half the world with shale oil, persistently buys Russian oil all these years? Which everyone else is prohibited from buying? And also - are they considering lifting sanctions and resuming supplies from Venezuela?
    2. Kola
      Kola
      0
      28 July 2024 05: 45
      Is this what I just read? The author clearly graduated from school according to the Unified State Exam!
  2. sannyhome
    sannyhome
    +1
    27 July 2024 08: 33
    American diesel has completely replaced Russian fuel from Europe

    Actually, one of the goals that the United States sought. That is why they are trying to make peace - they have no need to continue fighting.
    1. In passing
      In passing
      0
      27 July 2024 13: 50
      The military-industrial complex needs to work, so they will “heat up” the conflict. At the expense of the Europeans.
  3. Shelest2000
    Shelest2000
    +2
    27 July 2024 16: 57
    The US is becoming a key supplier of diesel fuel to Europe. Exports of this type of raw material from America to Europe are expected to reach an all-time high this month.

    ABOUT! Another reason to raise diesel prices here - from 65-70 rubles per liter to 80-90.
    The people were silent...(c)