Markets
Europe Imports Huge Amounts of Diesel With Russia Sanctions Near
- Imports second-highest on record in data going back to 2016
- Russia remains single biggest shipper to the European Union
This article is for subscribers only.
Europe is bringing in diesel cargoes from around the world at close to a record pace ahead of the coming ban on shipments from its biggest external supplier.
In the first 10 days of this month, the UK and European Union imported more than 16 million barrels of diesel-type fuel via ship — a rate that, if continued, would make December’s total the second-highest since at least the start of 2016, according to data provided by Vortexa Ltd. and compiled by Bloomberg.