By Natali Moss
So Europe is trying to stock up on Russian diesel fuel for importing Russian petroleum products, which will take effect from February 5, 2023. Europe is still deficiency in alternative sources, so EU countries continue to depend on Russian oil products.
Although Europe's dependence on Russian fuel has fallen by more than 50% after Moscow's February invasion of Ukraine, Russia remains the largest supplier of diesel fuel on the continent: Russian diesel fuel was 44% of the total fuel imports to Europe in November compared to 39% in October.
According to Reuters, the FGE analyst from the processing market of Judzhin Lindel, after the embargo, Europeans need to provide about 500-600 thousand barrels per day of diesel fuel to replace supply from Moscow. "The replacement will come from the United States, as well as east of Suez, especially from the Middle East and India," said Juzhin Lindell. We will remind, before the embargo on the supply of oil Russian exports reached a five -month maximum.
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