Iraq and three Gulf countries make up half of the fuel oil shipments destined for America
Shafaq News/ Data for the research company Kpler showed, on Sunday, that Iraq and three Gulf countries, whose exports constitute half of the shipments of fuel oil destined for America in the month of next April.
The company said in a statement seen by Shafak News Agency, that "American refineries began to seize shipments of fuel oil from the Middle East this month after US President Joe Biden banned Russian oil imports due to the invasion of Ukraine."
According to the data, last year Russia accounted for just under half of the US imports of fuel oil, Mexico 20%, and the Middle East about 5%.
The company indicated that "Iraq, Saudi Arabia, Kuwait and the UAE account for about half of the shipments of fuel oil under contracts, and it is expected that they will head to the United States in April."
The data showed that "the shipments coming from the UAE and Kuwait scheduled to be unloaded in April will be the first in the past eight months, while March represents the first time that Iraqi fuel oil reaches the United States since mid-2021."
Last year, the United States imported about 700,000 barrels per day of various types of fuel oil and other feedstocks that mostly went to US Gulf Coast refineries to supplement heavy crude oil, according to market research data.
[You must be registered and logged in to see this link.]