Meanwhile, demand for tankers is set to rise by 7 percent because of The EU ban on Russian oil products, which will increase fuel prices and add to energy inflation.
When it comes to U.S. fuels, it's worth noting that gasoline prices have been falling for 13 weeks in a row. GasBuddy's Patrick De Haan This is not very good news, even though local consumption of diesel and other middle distillates has flattened out at around 200,000 bpd below pre-pandemic levels. But exports are strong and about to become stronger after the European Union's embargo on Russian fuels comes into effect in early 2023.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: