Energy crisis: “Avanto” diesel in Europe – prices are rising | Economy news

to me diesel It may not be the most fashionable option for automotive fuel, but this does not seem to be a concern for refiners in Asia and the Middle East who, given the constant increase in their prices, Increase exports from commodity to spindle in energy crisis Europe.

According to her data Vortexa LtdAsian diesel exports to the old continent rose to their highest level in three years 306000 barrels/day last September. Europe’s dependence on diesel will continue in Asia and the Middle East in light of the coming winter, according to a company analyst Serena HuangWith a similar increase in exports from the Middle East in October.

Europe is facing an acute diesel shortage at a time when Labor strikes, dwindling stocks and the upcoming Russian ban on oil imports are negatively affecting the market. At the same time, the United States faces a similar shortage problem, which leads to an increase in global demand.

increase competition Widening the gap between European and Asian diesel pricesprompting more and more Asian refineries to increase their exports to ancient Epirus.

European markets are marked by high volatility despite a relatively low strike in French refineries, according to its analyst. FGE, Yaen LuGiven the problems and flaws facing the Chinese market.

It is expected that the problem facing Europe will be exacerbated by the embargo on Russian oil. according to Wood MackenzieDiesel stocks in Northwest Europe may reach a record low.

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