Gulf Coast Fuel Oil Exports Drop
This is a Mexico news story, published by Yahoo Finance, that relates primarily to Suez Canal news.
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Fuel oil exportsReuters
•US Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
80% Informative
Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 .
Cargoes departing Mexico for the Gulf Coast fell 25% month-over-month, hitting 77,000 bpd.
Saudi imports of fuel oil jumped by a quarter on the month and by just over 40% on the year .
Red Sea attacks push shippers to divert around the horn of Africa , avoiding the faster Suez Canal route.
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