Europe’s Distillate Fuel Oil Oversupply Means Some Shippers Take The Long Route Around Africa In Europe, the combination of low winter heating demand, high refinery runs, and increased imports have kept distillate fuel oil inventories in the Amsterdam, Rotterdam, and Antwerp (ARA) area far above normal. Higher inventories have lowered distillate futures prices in the ARA area to a point where inventories are being held in floating storage and imported cargos are being diverted to longer voyages. Source: U.S. Energy Information Administration, This Week in Petroleum Europe is a net importer of distillate fuel oil, which is used both as…
Distillate Fuel Oil Oversupply Means Shippers Take The Long Route Around Africa
Guest Post
If you are interested in contributing to ValueWalk on a regular or one time basis read this post http://www.valuewalk.com/guest-posts-hedge-fund-letters/ We do not accept any outside posts or even ads on penny stocks, ICOs, cryptos, forex, binary options and related products.