Europe: Diesel Buyers Struggle to Boycott Russian Fuels

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Russia's mainstay ultra-low-sulfur diesel (ULSD) is still discharging in Europe but it’s far from business as usual with volumes down and spot trade getting murkier by the day. “Buyers are asking for non-Russian ULSD first, but will still take Russian if they have to,” says a London-based diesel broker, adding that the lack of alternatives means there’s no obvious discount for Russian shipments. “A lot of the deals are being done quietly. The market is pretty opaque as you can imagine,” he adds.

Diesel/Gasoil, Jet Fuel, Gasoline, Oil Spot Markets
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