Europe is facing the prospect of a shortage of diesel as flows from Russia dwindle in the aftermath of its invasion of Ukraine, senior executives at three trading houses said.
Europe’s leading diesel external supplier has seen its exports of crude oil and petroleum products slide by about 2 million to 2.5 million barrels a day since the invasion, Trafigura Group CEO Jeremy Weir said at the Financial Times Commodities Global Summit on March 22.
