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Business & Finance

Ship-Fuel Squeeze Persists Despite More Hormuz Crude, Vitol Says

Bloomberg Markets Friday 16 October 2026, 05:10 UTC By Serene Cheong and Nicholas Lua 1 min read
Key Points

Accelerating crude exports through the Strait of Hormuz aren’t translating into higher production of a dirty shipping fuel, according to a top Vitol Group executive, tightening supplies and sending prices soaring.

Accelerating crude exports through the Strait of Hormuz aren’t translating into higher production of a dirty shipping fuel, according to a top Vitol Group executive, tightening supplies and sending prices soaring.
Hormuz Crude (LOCATION) Vitol (LOCATION) the Strait of Hormuz (LOCATION) Vitol Group (ORG)
Originally published by Bloomberg Markets Read original →

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