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Europe faces worsening diesel supply crunch as China suspends exports
China will suspend all fuel exports this month, while European diesel imports have fallen to a record September low, as Russian supplies stay constrained.
Europe’s diesel supply situation is deteriorating, with imports hitting a record September low amid a widening supply crunch, according to OilPrice.
The outlet says China has announced it will suspend all fuel exports this month to keep domestic supply available.
OilPrice also links the pressure to constrained Russian diesel supplies, adding to Europe’s difficulty finding alternatives.
The piece notes that President Donald Trump demanded Germany and France release 120 million barrels of diesel from their storage or face a potential U.S. diesel export ban.