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5 days ago | 
stuff.co.nz | Julietta Jameson |Nick O'Malley |Prejula Prem |Lloyd Burr
AP explains US strikes on Iran’s nuclear sitesBritish Airways and Singapore Airlines suspended flights to Dubai amid US airstrikes on Iran. Airlines avoiding vast Middle East airspace since Israel-Iran war broke out on June 13. Dubai International Airport is world's busiest, with over 90 million passengers per year. British Airways and Singapore Airlines have suspended flights to Dubai in the wake of US airstrikes on Iran in the early hours of Sunday morning.
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1 week ago | 
bloomberg.com | Prejula Prem
(Bloomberg) -- Shipments of liquefied petroleum gas — a fuel used in petrochemicals and cooking — have continued to global markets via the Strait of Hormuz, the maritime chokepoint that’s closely watched at times of tension in the Middle East. The number of LPG carriers traveling to and from Middle East producers via the strait has remained stable since the conflict between Israel and Iran began last week, according to vessel-tracking data compiled by Bloomberg.
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1 week ago | 
news.bloomberglaw.com | Jack Wittels |Prejula Prem
Diesel outpaced oil price gains, highlighting traders’ concerns that the conflict between Israel and Iran could disrupt fuel flows to the tight European market. The premium between benchmark diesel futures in Europe and crude — known as the crack — widened to its highest since February on Monday, fair value data compiled by Bloomberg News show. Diesel markets in Asia and the US also showed signs of strength.
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2 weeks ago | 
bloomberg.com | Jack Wittels |Prejula Prem
(Bloomberg) -- A European Union proposal to ban imports of petroleum products made from Russian crude oil would have far-reaching consequences for fuel markets. While Russian diesel and other petroleum products are already banned from entering the bloc, the EU’s latest plan would go one step further: banning fuels that were made in third countries using crude imported from Russia.
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1 month 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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2 months 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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2 months 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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2 months 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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Mar 21, 2025 | 
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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Mar 21, 2025 | 
bloomberg.com | Prejula Prem
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