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Europe June Imports of US Diesel at 10.8 Million Barrels

June 24, 2014 at 07:19 by Michelle Wiese Bockmann in Tanker and Oil Industry

Some 1.47 million metric tons of ultra-low-sulfur diesel (about 10.8 million bbl) is tracked on 35 tankers from the U.S. arriving at northwest Europe or ports in the Mediterranean region during June, according to the OPIS Tanker Tracker on FleetMon.com.

That compares to just over 1 million tons of ULSD on 26 tankers seen arriving in the previous month, a figure that was revised downward from earlier estimates on the basis of market intelligence.

OPIS compiles information from brokers, traders and satellite-tracking data. The tally assumes vessels said to be loaded with clean petroleum product at ports on the U.S. Atlantic coast or U.S. Gulf Coast to be carrying ULSD, as well as those vessels said to be loaded with diesel.

The destination of the cargo was known in all but nine of the cargoes tracked.

This showed that 576,000 tons of all ULSD imported into Europe went to the Netherlands, followed by France with 310,000 tons, the country with Europe's biggest diesel deficit.

The U.S. is the biggest supplier of ULSD to Europe's 28 countries, exporting 13.37 million tons (about 273,000 b/d), or 42% of the 32.2 million tons (about 658,000 b/d) that was imported into the region in 2013, Eurostat data show.

U.S. exports to Europe of petroleum with a sulfur content of less than 0.001%, equating to ULSD, tallied 1.45 million tons in January and 967,000 tons in February, the latest months for which statistics are available, according to the European Commission's trade database.

Tankers currently heading from the US to Europe with clean petroleum products as reported by the OPIS Tanker Tracker.

The OPIS Tanker Tracker compiles information from traders and brokers, and FleetMon ship tracking to provide a real-time insight into Europe-bound refined products on tankers. Pinpoint detailed shipping information, such as vessel, product and volume being transported, and buying or selling party and gain critical intelligence on the movement of product from port to port. Learn more and take advantage of a 21-day, no-obligation free trial.

Europe June Imports of US Diesel at 10.8 Million Barrels

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