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FINWIRES

US Diesel Exports Reach Record 1.9 Million Barrels a Day

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US exports of distillate fuel rose to a record 1.9 million barrels a day last week as domestic stockpiles fell again, Bloomberg reported Wednesday, citing US Energy Information Administration's data.

The figure surpassed the previous high set in May, the report said, adding that exports over the past two weeks have most frequently headed to northwestern Europe, according to data from energy analytics firm Vortexa, which described Europe as the "epicenter" of the global diesel crunch given its exposure to refinery outages in the Middle East and Russia.

Earlier in July, shipments were more often directed to the Caribbean and South America as importers stocked up ahead of the September planting season, according to the report.

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