Mexican Fuel Oil Shipments to Asia Resume Amid Middle East Supply Disruptions
Asia has received its first shipment of Mexican fuel oil in nine months, following disruptions in the Middle East that have affected key exporters like Iraq and Kuwait. The Suezmax tanker Orion delivered approximately 160,000 metric tons of high-sulfur fuel oil to Singapore, with more shipments expected. The conflict in the Strait of Hormuz has led to a search for alternative supply routes, with Mexican fuel oil becoming a viable option due to high Asian prices and excess supply in the Americas.