The global trading arm of Adnoc is leasing fuel oil storage in Singapore for the first time, five market sources said, part of the UAE-backed oil and gas producer’s plans to boost trade volumes in ...

SINGAPORE, Aug 28 (Reuters) - Volatility increased in Chinese crude and fuel oil futures markets this week on concerns U.S. sanctions on an oil storage terminal in east China would prevent physical ...

Phillips 66 (PSX), the Houston-based oil giant, has expanded its fuel oil storage capabilities in the Singapore and Malacca Straits by leasing the Southern Emperor, a floating storage vessel with a ...

China's demand for fuel oil typically comes from independent refiners, which can opt to use it as an alternative feedstock when they run out of crude-oil import quotas.

The Singapore trading arm of U.S.-based refiner Phillips 66 has recently leased a new floating storage vessel along the Singapore and Malacca Straits for storing fuel oil, market sources told Reuters.

Minerva Saudi, a subsidiary of Minerva Bunkering, has deployed a 113,000 cubic meter Floating Storage Unit (FSU) at Jeddah Islamic Port, marking a significant step in enhancing Saudi Arabia’s marine ...

Crude from Russia, Iran, and Venezuela is piling up in floating storage, with Asian volumes reaching up to 70 million barrels. Iran’s exports to China have dropped sharply, while shadow fleet storage ...