Türkiye increased its imports of diesel from the United States and India in August to record levels, shipping data showed, as a Russian ban on diesel exports and wider disruption caused by the Iran war prompted its importers to diversify their sources of supply.
So far this month, Türkiye has imported more than 120,000 barrels per day of Indian diesel, while its imports from the U.S. reached 90,000 bpd, according to the commodities data firm Kpler.
These volumes are the highest monthly totals on record, according to Kpler data going back to 2017.
Russia banned exports of diesel until at least the end of August after Ukrainian strikes on refineries disrupted domestic supplies. Middle Eastern supplies have been curbed by war damage to the region's oil refineries and reduced shipping through the Strait of Hormuz.
"With Russian refinery disruptions and export restrictions, Türkiye is having to scramble for barrels from the non-Russian pool," Sparta Commodities analyst Abhishek Kumar said.
