Oil products in Fujairah low in two-weeks
Oil products in Fujairah low in two-weeks
European, Asian shares rise over the prospect of a COVID-19 vaccine
The future of fuel supplies will most likely be tight due to Bahrain Petroleum Co exiting the oil business by 2025, said Bapco Chairman Dawood Nassif in a Gulf Intelligence interview.
On Tuesday, Fujairah completed a marine fuel supply with 0.5% sulphur, which was assessed at US $355/mt, equal to Singapore the world's largest bunker market.
On Monday, diesel amounted 5.356 million barrels, less than 2 per cent from the previous week. Gasoline was 5.374 million barrels, more than 1 per cent.