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Fuel Oil

Singapore fuel oil stockpiles extend slide to five-week low

Singapore's onshore fuel oil stockpiles extended declines to a five-week low, although inventory levels continued to average higher compared to last month.

Russian oil and products trapped on tankers hit by new Iran-related sanctions

Russian oil and products have become trapped at sea on four tankers after the U.S. hit the vessels with fresh Iran-related sanctions

Mexico's presidential front-runner aims to cut oil refinery waste

Mexico's presidential front-runner Claudia Sheinbaum plans to invest in state-owned Pemex' oil refineries to reduce the huge volumes of low-value fuels produced and instead boost the output of motor fuels.

Singapore fuel oil stockpiles at four-week low as imports drop, exports rise

Singapore's onshore fuel oil stockpiles fell to a four-week low as imports dropped and exports rose.

Singapore fuel oil stockpiles slip to two-week low

Singapore's onshore fuel oil stockpiles eased to a two-week low on lower imports.

Refined fuels and oil prices: long positions decline as distillate sales stall price rally

Benchmark oil prices plateau as investors finish repurchasing bearish short positions, impacting refined fuels and U.S. natural gas with declining sales and a short covering rally, respectively.

Montfort in talks with Sinopec for UAE fuel oil facility sale

Geneva-based trading house Montfort Group is in discussion to sell part or all of its refining facility in the UAE to the fuel oil arm of Chinese state giant Sinopec Corp.

U.S. Gulf Coast fuel oil imports hit five-year low as domestic supplies jump

Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.

Russia boosts fuel exports to Senegal on shipping sector demand

Russia has significantly increased its fuel exports to Senegal this year on rising bunker demand, as more companies are diverting cargoes around Africa instead of using Red Sea routes.

Russia cuts fuel oil supplies by rail for further export by 1.2% in January

Russia reduced fuel oil supplies via rail for further export by 1.2% in January from the same month a year ago and by 6.2% from December amid refinery outages.

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