US diesel exports to Europe declined by 40% in February due to US refining activity and global trade disruptions.
US diesel exports to Europe declined by almost 40% in February, due to a slump in US refining activity and global trade disruptions. US diesel cracks reached a four-month high of over $48/barrel, affecting arbitrage opportunities. European refineries' turnarounds in March and April may lead to further diesel price increases, potentially reviving US-made diesel exports to Europe.
February 26, 2024
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