Ship-Fuel Squeeze Persists Despite More Hormuz Crude, Vitol Says
Accelerating crude exports through the Strait of Hormuz aren’t translating into higher production of a dirty shipping fuel, according to a top Vitol Group executive, tightening supplies and sending prices...
By Serene Cheong and Nicholas Lua · Bloomberg Markets
Accelerating crude exports through the Strait of Hormuz aren’t translating into higher production of a dirty shipping fuel, according to a top Vitol Group executive, tightening supplies and sending prices soaring.