Germany's EBV Seeks 760,000 Barrels of Diesel for Reserves as Fuel Market Tightens
Updated
Updated · Bloomberg · Jul 7
Germany's EBV Seeks 760,000 Barrels of Diesel for Reserves as Fuel Market Tightens
1 articles · Updated · Bloomberg · Jul 7
Summary
More than 760,000 barrels of diesel were put out to tender by Germany's oil stockpiling agency EBV earlier this week to refill strategic reserves, an agency official confirmed Tuesday.
The purchase adds demand to an already tight diesel market, raising the prospect of further pressure on fuel availability and pricing.
EBV had already sought almost 630,000 barrels in late June, showing Germany is continuing a broader effort to rebuild mandatory stockpiles.