Middle Eastern Fuel Oil Exports Expected to Rise to Four-Month High in June
Fuel oil exports from the Middle East are projected to reach a four-month high of approximately 508,000 barrels per day (bpd) in June. This increase is attributed to higher shipments by Iraq, Saudi Arabia, and Oman through alternative ports outside the Persian Gulf as tanker traffic via the Strait of Hormuz resumes.
Topics: fuel oil Middle East exports shipping data Strait of Hormuz