Red Sea escalation shifts into gasoil: European refinery runs seen down ~200kbd, Yanbu diesel outflows nearly 50% lower y/y

A market commentary post says the Red Sea escalation is moving from crude logistics into gasoil markets, with European refinery runs potentially falling by around 200kbd and Yanbu gasoil and diesel outflows already nearly 50% lower year on year amid growing aversion to the Bab El Mandeb route.

Detected & updated continuously · Source: Nebula