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Russian diesel shipments from the Baltic to the Mediterranean reopened in July as refinery cuts in Europe and low freight rates created arbitrage opportunities. Tankers are loading at Primorsk for Turkey and Morocco.
Mediterranean refiners including Tupras have cut runs on weak margins.
Cheaper freight and new diesel supply routes ease some regional fuel and shipping costs. The shift is small relative to feed commodity markets.
hydrocarbonprocessing.comJul 16, 2020After 65 past trade events, ULSD / Diesel moved a median -1.2% over 5 sessions (43% higher; middle half -5.2% to +2.6%), and -1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
