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Biggest amount of Gulf refineries' fuels Asia-bound this year

Published Wed, Jul 30, 2014 · 10:00 PM
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[LONDON] Persian Gulf oil refineries, going through the biggest expansion in decades, are about to ship the largest amount of fuels such as gasoline to Asia in eight months, lists of shipping charters have showed.

Traders hired ships in the spot market to load 3.91 million tonnes of refined petroleum in the four weeks to Aug 10, according to vessel booking data compiled by Bloomberg on Tuesday. The tally, the highest since December, doesn't capture ship…

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