Asia-to-Europe flows set for five-month high, Vortexa predicts Trade driven by energy-security concerns, slowdown in China A fleet of ships carrying diesel, one of the world’s most important fuels, is heading for European markets facing energy-security threats from high temperatures, soaring gas prices, and Russian disruption. Five ships transporting close to 3 million barrels are poised to move from Asia to Europe so far in August, preliminary data from Vortexa show. That’s the most in five months on a barrel-per-day basis. Shipments from the Middle East to Europe are also set to expand. The rising flows of diesel — used in industries, transport and for power — toward Europe are a result of market dislocations caused by higher prices at the hub of Amsterdam, Rotterdam and Antwerp (ARA) relative to Asia, said traders. China’s sputtering economy and a seasonal demand lull in India also contributed to Asia’s oversupply, they […]