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Transatlantic diesel arrivals in US surge to record in Nov

November 23, 2020 00:00:00

LONDON, Nov 22 (Reuters): Arrivals of diesel and gasoil from Europe and the Baltics regions to the United States northeast coast have surged to a record high so far in November, according to data analytics firm Vortexa.

Preliminary November arrivals to PADD 1, the US Atlantic Coast region stretching from Maine to Florida, were pegged at over 102,000 barrels per day (bpd), more than double October's levels, and the highest level since at least January 2016, the data showed.

Slumping European prices on the back of deteriorating demand due to coronavirus-related lockdowns have helped open up the arbitrage trade with the United States.

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