U.S. Refiners Grab Unloved Russian Fuel Oil on back of New Shipping Rules

U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage of new shipping rules that have cut demand for the dirtier marine fuel, according to oil traders and shipping data.

U.S. refiners Valero Corp (VLO.N), Chevron Corp (CVX.N) and Phillips 66 (PSX.N) have been buying HSFO…

View entirety: Reuters