Asia’s Fuel Oil Market Signals Hopes of U.S.-Iran De-Escalation

Asia’s Fuel Oil Market Signals Hopes of U.S.-Iran De-Escalation

What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,…

Asia’s fuel oil refining margins and benchmark prices have slumped this week after the outcome of the U.S. midterms boosted hopes that there could be de-escalation in the Middle East allowing more oil products to move out of the Strait of Hormuz.

The fuel oil market has also softened in recent weeks as more oil is exiting the Gulf and going to Asia’s demand centers.

This story was originally published by OilPrice.com. Read the full story at OilPrice.com →