General News
FIS: Fuel Oil Daily Evening Report
July 28, 2022
Bullish data from the US Energy Information Administration (EIA) has added upward pressure to Brent values.
US gasoline demand rebounded by 8% on week, while crude inventories were heavily drawn in the week 22 July, data from the EIA shows.
Soaring gas and oil prices have benefited global oil companies financially. Oil majors such as TotalEnergies, Repsol and Shell recorded massive profits in the second quarter.
Singapore’s VLSFO crack was pegged at $17.35/mt at the close.
