Freezing weather across the U.S East Coast has drawn a number of tankers carrying diesel and heating oil from Europe, reversing a traditional trade route. The Pacific Anna set sale this week from the Gibraltar straits to the storage hub of St Croix in the Caribbean with a 90,000 tonne cargo of diesel it had loaded in Saudi Arabia in December, according to Reuters AIS ship tracking. Similarly, trading house Vitol chartered the 60,000 ton Amalia to deliver diesel from the Baltic port of Primorsk to St Croix, where it is expected to discharge on Jan. 15, according to shipping data and tracking. “The cold weather is drawing barrels,” a European diesel trader said. Oil products stored at St Croix are typically sold into the United States, traders said. The cargo might be blended with other components to meet the U.S. winter specifications for heating oil, […]

Posted in: USA