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Flotilla of Diesel Ships Heads to Europe Amid Energy Crisis (1)

Aug. 18, 2022, 6:31 AM

A fleet of ships carrying diesel, one of the world’s most important fuels, is heading for European markets facing energy-security threats from high temperatures, soaring gas prices, and Russian disruption.

Five ships transporting close to 3 million barrels are poised to move from Asia to Europe so far in August, preliminary data from Vortexa show. That’s the most in five months on a barrel-per-day basis. Shipments from the Middle East to Europe are also set to expand.

The rising flows of diesel -- used in industries, transport and for power -- toward Europe are a result of market ...