Europe Distillates-Diesel cracks slide as Russian pipeline woes ease

14 May, 2019

 

* Polish refiner Lotos expects to receive normal quality oil from Russia in the coming days, the company's deputy chief executive said on Tuesday.

* The situation at PKN Orlen's refineries in Poland, the Czech Republic and Lithuania is stable, deputy head Zbigniew Leszczynski said during a panel discussion in the southern Polish city of Katowice on Tuesday.

* Imports of gasoil and diesel in the Mediterranean basin could be 160,000 barrels per day (bpd) lower year on year in 2019 at roughly 540,000 bpd, consultancy FGE Energy said.

* Imports were revised 25,000 bpd lower than previously expected.

* FGE forecasts Turkey's gasoil/diesel demand to contract by 30,000 bpd, or 6%, year on year amid an economic slowdown.

Copyright Reuters, 2019

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