As both the U.S. and Iran harden their positions, and as each looks for leverage and partners, there are chances for miscalculation, but not many opportunities for a diplomatic solution in the short-to-medium term. The future of Iranian crude imports is uncertain, but we expect the two biggest importers to continue importing.
Hellenic Shipping News:
Over the next year, Europe will import less gasoil while exporting smaller volumes of gasoline, according to ESAI Energy’s latest Global Fuels Outlook. In this publication, ESAI Energy analyst Ian Page points out that “this reduction in European diesel imports and gasoline exports will have a major impact on global trade flows in 2019.”