Russian exports of diesel to the United States last month hit the highest in three years as typical winter weather drove higher demand for heating and power generation in the Northeast. Bloomberg reported that some 1.55 million barrels of diesel were currently traveling from Russia to the United States, due to arrive by the end of this month, data from Vortexa has shown. The increase in Russian diesel deliveries comes as fuel inventories on the East Coast have fallen to the lowest in eight years while demand is running at the highest since 2018. At the same time, Bloomberg noted, refining capacity on the East Coast has also declined because of low margins and a refinery explosion. It appears that Russian fuel also has few alternatives for the U.S. Northeast right now: Canada shut down a refinery in the eastern part of the country early on in the pandemic […]