- Vitol's Asia head Kieran Gallagher said at a Singapore conference that accelerating Hormuz crude exports are not raising production of dirty shipping fuel.
- The Middle East conflict has cut fuel oil supply from the Persian Gulf, including Iran, by 800,000 barrels per month.
- Ukrainian attacks on Russian refineries have cut fuel oil supply by 1 million tons per month, tightening supplies and sending prices soaring.
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“Ukrainian attacks on Russian refineries have cut supply by 1 million tons per month”