Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Russia finds the ships to access new product markets
Refining runs and questions over blending—not vessel availability—are likely to determine Russian product export volumes
Letter from Venezuela: A long journey back from the oil wilderness
Lifting sanctions may still be a bridge too far in becoming a sustainable supplier of crude to the US
Global LNG analysis report 2023 – Part 3
The third part of this deep-dive analysis looks at liquefaction and regasification developments in the Europe and Russia
Azerbaijan cranks up volume as Russian gas alternative
But threat of war, poor governance and regional rivalries hamper Azeri dream of tapping into Central Asian reserves
Europe’s confidence on gas may be premature
The region has made significant progress on reducing exposure to Russian gas, but despite rosy assessments by politicians, challenges remain
Russian sanctions not watertight
Moscow will likely still be able to find buyers and ships for its exports of crude and products despite the measures
Russia sanctions to create oil market slowburn
Venezuela and Iran offer clues to potential effectiveness of the measures
Crude quality playing key role in oil flow reshuffle
The war in Ukraine has rerouted oil market flows as European buyers look both close to home and far afield for replacements for Russian barrels
China and Russia deepen energy links
But Beijing remains somewhat cautious in an attempt to avoid alienating the West
Russian firms exit Europe’s shrinking refining sector
Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east
There has not been a decline in diesel flows from Russia to Europe so far
Diesel Refining Russia
Simon Ferrie
28 April 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Europe yet to give up Russian diesel

The continent is loath to tackle its dependence upon imports of Russian refined products

The crack spread—the theoretical margin between buying crude and selling the refined product—for European diesel is at record highs. While this would not at first glance be a surprise, given the continent has been highly dependent on Russian supply, the physical diesel balances remain healthier for now than the record cracks would indicate, says Pamela Munger, senior analyst at energy analytics firm Vortexa. There has not been a decline in diesel flows from Russia to Europe so far, and Europe remains well-supplied, Munger continues. Russian loadings of diesel heading for Europe shot up in late February and then into March, before dipping slightly to levels comparable to the start of the year

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP and Adnoc bid a further twist in Leviathan tale
31 March 2023
Could the NOC/major play for Newmed stake precipitate further changes to the Israeli field’s expansion roadmap?
Blueberry River veto casts a long shadow
31 March 2023
Implications of settlement between British Columbia and First Nations group go beyond development of massive Montney shale formation
Kurdistan the ultimate loser in Iraq-Turkey pipeline fracas
31 March 2023
Still room for compromise amid setback for region’s oil sector
Letter from the US: Financial contagion and the oil industry – What, me worry?
Opinion
31 March 2023
Banks’ stricter lending policies will force refiners and marketers to hold fewer stocks, putting a squeeze on the oil industry

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search