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EU Races To Replace Russian Oil Products

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The EU is scrambling to find alternate oil product suppliers in a tightly supplied market. The bloc even raised its imports of Russian diesel by sea, ahead of the product import ban in February. The EU needs around 1 million barrels per day of Russian products – diesel and naphtha – replaced by February.

https://oilprice.com/Energy/Crude-Oil/EU-Races-To-Replace-Russian-Oil-Products.html

 

 

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They might have found the solution. Tom mentioned they are buying Russian oil from China........ '-' 

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(edited)

Diesel Markets Brace For A Chaotic February | OilPrice.com

Fuels will self level with China and India refineries selling the mass amounts of oil they bought cheap from Russia and still buying..... Both produce well more than they consume so I wouldn't get excited just yet. See how the next 30 days plays, then make calculations from there.

Edited by Old-Ruffneck
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