VLSFO Premium at 3 Month-low; Kuwait’s Al Zour Closes Tender

Capt. John
Credits: Arvind Vallabh/Unsplash

Asia’s spot premium for 0.5% very low sulphur fuel oil eased for a seventh consecutive session to a three-month low on Friday, while Kuwait’s Al Zour closed a term tender in the previous day, reports XM.

Oil exports ramped up

Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa, industry sources and analysts said.

The refinery has...

https://mfame.guru/vlsfo-premium-at-3-month-low-kuwaits-al-zour-closes-tender/

Leave a Comment