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Vortexa reports that Sweden returned to net diesel exporter status in June as European consumption improved. Imports of Russian diesel into Swedish terminals fell sharply from April to June as storage economics faded.
Sweden's total diesel imports dropped to about 350,000 mt in June.
The end of Sweden's storage-driven diesel imports reduces regional demand for Russian barrels. The effect on feed-relevant commodity prices is minimal.
vortexa.comVortexa AnalystsJul 1, 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.
