EU to phase out Russian oil imports by end of 2027

EU to phase out Russian oil imports by end of 2027
The European Union has committed to phase out all remaining imports of Russian oil by the end of 2027 and will “never again” go back to depending on energy from the Kremlin, officials announced on Dec. 3. A statement from the European Commission said it will present a...
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HSFO discount narrows in stronger bidding

HSFO discount narrows in stronger bidding
Asia’s high sulphur fuel oil (HSFO) market logged a narrower discount on Thursday as stronger bids emerged, though onshore inventories at Singapore storage hub remained high, capping recovery in the benchmarks. The 380-cst HSFO cash differential rebounded for a second...
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