European Diesel Imports Set to Fall Despite Surging US Flows

Europe’s diesel imports are poised to drop to a multimonth low in December despite a surge in shipments from the US, as flows from other key suppliers dwindle.

Diesel and gasoil imports in the European Union and the UK are expected to be about 1.04 million barrels a day this month, according to early estimates from analytics firm Kpler. That’s about 6% below November volumes.

If the current levels hold, December imports are set to be the lowest in ten months and about 8% lower than a year ago. Any incremental flows from neighboring suppliers like Turkey are likely to ...