Diesel cargoes are trading at a premium to jet fuel in Europe for the first time in more than a year, as tightening diesel supplies and rising imports of aviation fuel reshape the region's refined products market, reported Reuters.
Europe has been able to offset lower Middle Eastern jet fuel shipments by importing cargoes from the United States and Nigeria after the Iran conflict disrupted crude and fuel supplies. Diesel, however, remains in short supply as Russia's export disruptions continue to affect availability for industry and agriculture.
