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EU hoarding Russian diesel before ban – Reuters

The oil-products embargo begins in less than three months and the bloc lacks alternative sources, the news outlet reports European traders are boosting purchases of Russian diesel ahead of the EU embargo on the country’s oil products, which comes into force in February, Reuters reported on Monday, citing cargo tracker Vortexa. According to the report, Russian diesel shipments headed to the Amsterdam-Rotterdam-Antwerp (ARA) storage region…

LNG ships waiting for higher EU prices to unload – Reuters

A glut of tankers are reportedly floating off the Spanish coast as a result of the trading strategy Several ships loaded with liquefied natural gas (LNG) that have been circling off the coast of Spain are likely to stay there until late November, as they wait for European gas prices to go up, Reuters reported on Wednesday, citing industry sources. An LNG tanker traffic jam…

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