U.S. Gulf Coast-Bound Fuel Oil Cargoes Hit 5-Yr Low as Refinery Demand Weakens

(Reuters) – Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened, analysts said. Feedstocks like high sulfur fuel oil and other heavy residues can be refined into higher value products such as gasoline and diesel … Read more