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Marine fuel sales in Singapore surged to a one-year high in October, latest official data showed on Monday, as more competitive…

By Jeslyn Lerh SINGAPORE, July 19 (Reuters) – Marine fuel sales at the United Arab Emirates’ Fujairah, third largest bunkering hub in the world, fell to a four-month low in...

An oversupply of naphtha at a time of poor demand has squeezed the product’s Asian margins to their weakest levels since the 2008 global financial crisis, traders and analysts said. As Asian refiners boost output of more lucrative products – gasoline and diesel – to overcome global shortages, they are pumping out more naphtha, which ...

China’s imports of crude oil rebounded in March, but aren’t likely to grow much more for a while – fuel demand is wilting amid COVID-19 lockdowns and high prices. The world’s biggest crude importer brought in 10.88 million barrels per day (bpd) in March, up from a four-month low of 9.51 million bpd in February, ...

China’s stockpiling of crude oil ground to almost a halt in 2021, reversing years of strong increases as the world’s biggest importer of the fuel built up strategic reserves. China likely added about 170,000 barrels per day (bpd) to strategic and commercial inventories last year, down sharply from 1.26 million bpd in 2020. The scaling ...