Europe Is Guzzling Diesel From India, a Key Buyer of Russian Oil
- Imports jump to the highest since at least January 2017
- Europe fills supply gap with Indian diesel as Saudi flows drop
Fuel and oil rail wagons near Nizhny Novgorod, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Europe banned most oil shipments from Russia almost a year ago, but it’s binging on diesel that may well have been made from Russian crude.
The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, the most since at least January 2017, data from market-intelligence firm Kpler show.