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.

Venezuela's state-run oil company PDVSA has started filling tankers with crude and fuel oil and keeping them in Venezuelan waters, as inventories have mounted due to the U.S. seizing Venezuela-linked ...