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Well-stocked US fuel markets shrug off January’s arctic blast

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Published31 JAN 24 - 10:57 Reading time  minutes

“For Europe, it has been a big relief – we need those supplies,” said James Noel-Beswick, a distillates analyst at market research firm Sparta.

Reuters, January 31, 2024 – James Noel-Beswick, a distillates analyst at Sparta, stated that the availability of U.S. diesel has been a significant relief for Europe, especially amidst growing uncertainties in importing products from Asia and the Middle East due to Red Sea shipping disruptions.

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