US Distillates Exported To Northwest Europe From US Gulf Coast Have Surged This Month (March) -- March 21, 2016

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Original Post

Platts is reporting:

A total of 1,320,000 mt of distillates have been loaded in the US Gulf Coast for discharge in Europe during March, Platts has estimated, based on data from cFlow, Platts trade flow software.

The figure was about twice the level of the previous estimate, pointing to increased volumes of product loaded in recent weeks.

"The US arb is open", a trader said, driven by "cheaper freight and raised ULSD diff in Europe".

According to the estimate, 11 of the cargoes due to land in March are headed to the Northwest European market, while 18 have set sail towards the Mediterranean.

The article at the link provides more background.

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In Like A Lamb, Out Like A Lion

Even as the UN says there is a huge amount of global warming going on right now, central United States is bracing itself for yet another blizzard:

Potential for blizzard conditions in some areas.

“The heaviest snow is likely to fall from central Nebraska through northern Iowa, central Wisconsin and northern Michigan, where 6-12 inches may fall."

Late in the week, the storm could then move on to parts of Ontario, Quebec, perhaps northern New York and New England.

The Kennedy clan can't win for losing. As they say.