Europe Is Successfully Replacing Its Lost Russian Diesel Supply
- Diesel arrivals in Europe set to jump to 4-month high in May
- Increased flows from Mideast and US offset the drop from Asia
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The European Union is managing to replace shipments of diesel from Russia — by far the bloc’s top external supplier before a ban on seaborne imports started in February.
The success will be a relief to governments across the continent because Russia had previously often made up more than half the shipments delivered into the EU and UK. Failure to find alternatives would threaten the availability of a fuel used in everything from industry to freight to road transportation.