Utility Bill Auditors - Expense Reduction Advisors

European distillate 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 …read more

Source:: TODAY IN ENERGY