ARA fuel oil stocks down 20%

The ARA’s independently held fuel oil stocks have slumped 20% lower in March so far, according to Insights Global data. Changes in monthly average ARA stocks from February to March so far: • Fuel oil stocks down 1.29 million bbls to 5.18 million bbls • Gasoil stocks...
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Solid rebound in Hormuz tanker flows backs Trump’s claim

Shipping activity through the Strait of Hormuz has picked up in recent days, lending some support to claims by U.S. President Donald Trump that Iran has allowed 10 oil tankers to pass as part of ongoing negotiations. Speaking at a Cabinet meeting today, Trump said...
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