First Nigeria-Singapore fuel oil shipment seen as Saudi summer demand restrains Middle East exports to Asia
Suezmax tanker sails from Dangote refinery for Southeast Asia, reflecting seasonal changes in global fuel oil demand, as Saudi imports reach two-year high and intra-regional shipments in the Middle East reach a record, according to Vortexa
The 650,000 barrels per day Dangote refinery began production in January, with 22 cargoes of fuel oil exported since then, mainly to Europe and the US. The Singapore-bound shipment is the second seen heading to Southeast Asia