Hanwha Ocean said it will respond strictly according to the law to the illegal occupation and sit-in of cranes at its Geoje plant in South Gyeongsang by the Geoje-Tongyeong-Goseong shipbuilding subcontractors’ branch of the Korean Metal Workers’ Union. The...

President Donald Trump on Wednesday said he is still “thinking about” banning diesel exports in an attempt to get a handle on high energy prices, but noted that doing so may have a “negative impact on gasoline.” Trump, asked in the Oval Office if he has decided on a...

Fujairah’s fuel oil inventories averaged 14% higher in September than in August, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show. Changes in monthly average Fujairah stocks from August to September: Heavy distillate and residual stocks up 565,000 bbls...