EconomyShip fuel squeeze persists despite faster crude flows through Strait of Hormuz, Vitol says
Vitol Asia head Kieran Gallagher said faster crude flows through the Strait of Hormuz are not translating into increased shipping-fuel production. With refiners prioritizing products such as diesel to capture strong margins, ship-fuel prices in Singapore, the world’s largest supplier, have reached their highest level since April.
T
TASS★★★☆☆2026-10-16 11:50Original
Ship fuel squeeze persists despite faster crude flows through Strait of Hormuz, Vitol says