A marine engineer from Ukraine explains why heavy fuel oil causes enormous environmental damage, what technical solutions ...

While there's ample oil in the ground, the world economy struggles to maintain prices that make extraction economically viable, especially for heavy oil, crucial for diesel and jet fuel. Economic ...

Iran’s consumption of low-quality residual heavy fuel oil has jumped at cement factories in recent months amid natural gas shortages in the winter, a cement industry executive has told Iranian news ...

South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game ...

HOUSTON, July 7 (Reuters) - Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude. When ...

SINGAPORE, Jan 8 (Reuters) - China's fuel oil imports are expected to drop in early 2025 following a hike in the product's import tax from Jan. 1, prompting some sellers to lower prices to boost ...

Heavy crude remains structurally tight even as light crude oversupplies the market, creating a bullish setup for select Canadian oil producers. Canadian names like Canadian Natural Resources, Enbridge ...