Europe Faces Diesel Deluge as Giant Supertankers Bring Fuel
LNG,Oil
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Article by:
Yongchang Chin, Alex Longley, and Jack Wittels - Bloomberg
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Date Published:
August 19, 2024
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Who was cited:
Eugene Lindell, Head of Refined Products - FGE London
“Shipping diesel from East to West got exorbitantly expensive after the Red Sea attacks,” said Eugene Lindell, head of refined products at consultant FGE. “Faced with worsening economics, traders got creative and started cleaning up dirty tonnage to improve economies of scale and arbitrage opportunities.”
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