While there's ample oil in the ground, the world economy struggles to maintain prices that make extraction economically viable, especially for heavy oil, crucial for diesel and jet fuel. Economic ...
Increased Venezuelan heavy crude and fuel oil flows to the U.S. Gulf Coast are pushing Asian high-sulfur fuel oil (HSFO) ...
HOUSTON, July 7 (Reuters) - Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude. When ...
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