Traders record a decrease in the import of diesel fuel via the Black Sea
7.11.2022 - 17:00
Ukrainian traders noted a shortage of diesel fuel supplies via the Black Sea at the beginning of November.
The market participants attribute the lack of fuel supply to a decrease in supply from the terminal of the Turkish company Opet, one of the largest operators in the region, reports Enkorr.
The deficit was determined by two large Ukrainian retail chains, which were looking for DP ship lots with a filtration temperature of -23 °C. A trader specializing in the sale of diesel fuel in Reni explained that an Indian-made product meets these requirements, but due to the closure of arbitration, there is almost no supply from this direction.
“Also, the balance of the regional market is affected by the decrease in product deliveries from russian ports to Turkey,” the trader noted.
Currently, deliveries from the Turkish terminal are suspended until November 20, there are no free lots. In the next three weeks, the tension on the market is expected to increase. It is expected that the premiums to the Mediterranean quotations for the next batches of winter diesel will increase from $100-110 to $120-130 per ton.
