
Articles
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1 week ago |
bloomberg.com | Prejula Prem
Fuel and oil rail wagons at the Zeletsyno train station near Nizhny Novgorod, Russia. (Bloomberg) -- Russia’s exports of refined fuels in May are on track to reach a 3-month high as increased diesel and fuel oil shipments more than compensated for a slowdown in naphtha and other secondary feedstock fuel flows. Seaborne shipments of petroleum products totaled 2.23 million barrels a day through May 24, according to data compiled by Bloomberg from analytics firm Vortexa Ltd.
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1 month ago |
bloomberg.com | Jack Wittels |Prejula Prem
The Dangote Industries oil refinery in Lagos. Photographer: Benson Ibeabuchi/Bloomberg(Bloomberg) -- A large fuel-production unit at Nigeria’s Dangote oil refinery is undergoing maintenance, according to a person familiar with the matter. A Dangote spokesman denied that the unit, a so-called residue fluid catalytic cracker, was under maintenance. He said the plant was loading fuel onto trucks daily, including at least 21 million liters on Friday. Truck shipments feed Nigeria’s domestic market.
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1 month ago |
bloomberg.com | Prejula Prem
Oil storage tanks at a refinery in Tuapse, Russia. (Bloomberg) -- Russian oil product exports edged higher this month as a boost in naphtha sales helped offset a decline in diesel flows. Refined fuel exports climbed to 2.24 million barrels a day through April 20, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s largely unchanged from March volumes, but is about 13% higher than a year ago.
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1 month ago |
bloomberg.com | Prejula Prem
(Bloomberg) -- European gasoline shipments to the Americas, mainly the US, jumped this month, consistent with seasonal trend and a moderate improvement in market sentiment after the initial chaos brought about by US tariffs. Transatlantic gasoline flows from the European Union and the UK surged to about 485,000 barrels a day in the first 15 days of April, according to Kpler data.
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2 months ago |
gcaptain.com | Prejula Prem
By Prejula Prem Mar 21, 2025 (Bloomberg) –A pause in Houthi attacks on commercial shipping has seen fuel traders import more cargoes into Europe via Egypt’s Suez Canal. It remains to be seen whether a renewed tensions between the militants and the US will allow the increased flows to continue. Swaths of the shipping industry, including most fuel-tanker owners, started to avoid the short cut between Asia and Europe early last year when the Houthis began targeting vessels.
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