OPEC Oil Reserves in Decline

1. US Becomes Europe’s Leading Diesel Supplier- US diesel exports to Europe are set to reach an all-time high this month, undeterred by loading delays caused by Hurricane Beryl earlier this month and blazing a trail to European customers despite weakening middle distillate cracks. - Platts expects the volumes of the transatlantic middle distillate trade to soar above 500,000 b/d, benefitting from Saudi Arabian exports edging lower in June-July, with Valero and ExxonMobil taking the lead. - The United Kingdom is by far the largest buyer of…