Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

Europe is buying more diesel from the United States and Saudi Arabia in preparation of the EU ban on seaborne imports of Russian refined products, yet Europe still remains the biggest buyer of Russian diesel, data compiled by Anadolu agency showed on Thursday. The EU will ban—effective February 5—seaborne imports of Russian refined oil products and around 1 million barrels per day (bpd) of Russian diesel, naphtha, and other fuels need to find a home elsewhere if Moscow wants to continue getting money for those products. More than half…