Wave of diesel heads to Europe, pressuring refiners
Share:
LONDON (Reuters) - A record volume of diesel is set to reach Europe from the East in May after lockdown measures due to coronavirus left refiners in Asia and the Middle East with huge excess volumes of fuel.Refineries around the world have cut output in recent months in response to the unprecedented drop in demand due to movement restrictions imposed by governments to limit the spread of the coronavirus epidemic.But that may prove insufficient after countries including India extended lockdown..