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European distillate markets under pressure from rising US, Middle East oil supply

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Listen: European distillate markets under pressure from rising US, Middle East oil supply

Olivier Lejeune , team leader for European and African middle distillates, discusses a bearish start to 2014 for diesel, jet fuel and gasoil markets with editors David Elward and Robert Friend. Rising exports from the US and new refining capacity coming online in the Middle East is already putting pressure on European distillate cracks, which, as Elza Turner, senior editor for EMEA oil, explains, could lead to further closures in the domestic refining sector.


This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.