Drought on the Danube Blocks Fuel Deliveries in Central Europe
Prolonged heatwave conditions in Central Europe and persistent low rainfall have caused water levels on the Danube river to reach critically low levels, causing multiple points on the waterway to become unnavigable for fuel deliveries. Read More
Thailand’s Gasoil Exports Highest Since Late 2021 Amid Destocking Drive
Thailand’s gasoil exports soared in July to their highest since November 2021, as refiners sought to pare down inventory levels following active stockpiling earlier this year, according to shipping data and industry sources. Read More
Asia Morning Gasoil Crack Hits Three-Month High On Bullish Europe
The prompt gasoil crack value in Singapore was assessed at a premium of $67.69/bbl on Monday morning on the back of bullish sentiments in Europe — the highest since April 7 — when compared against the daily closing value on July 17, according to OPIS data and data provided by brokers. Read More