Europe to Ramp Up Diesel Shipments to Cold-Gripped U.S. East
- Two larger tankers booked to haul fuel west across Atlantic
- Low stockpiles on East Coast drive demand for diesel imports
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European refiners are planning to send more diesel than usual to the U.S., where inventories of the fuel are low and a cold snap has gripped the Northeast, boosting demand for heating fuels.
Two relatively large tankers have been provisionally booked to ship more than 1 million barrels combined of ultra-low-sulfur diesel to the U.S. East Coast, according to fixture reports compiled by Bloomberg. The U.S. generally sends diesel to Europe, which in turn ships gasoline to America.