Live updates: follow the latest news on Russia-Ukraine
US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion of Ukraine, shipping data showed.
Market research showed that tast year, the US imported about 700,000 barrels per day of different types of fuel oil and other feedstocks that mostly went to US Gulf Coast refineries to supplement heavy crude oil.
Russia last year accounted for a little under half of US fuel oil imports, Mexico for 20 per cent and the Middle East about 5 per cent, research firm Kpler reported.
Middle East supplies are set to make up at least 17 per cent of April US fuel oil purchases, preliminary Refinitiv Eikon tanker tracking data have shown.
About four million barrels from suppliers in the Middle East are set to discharge along the US Gulf Coast next month, the highest level in at least 12 years. For all of last year, they supplied a total of 13 million barrels, Kpler said.
“It's a clear sign that we're seeing a shift in where the United States is buying fuel oil from,” said Kpler analyst Matt Smith. The US could struggle to plug the gap left by Russia, Mr Smith said, given the loss of Russian fuel oil imports.
Saudi Arabia, Kuwait, Iraq and the UAE make up about half of all fuel oil cargoes under contract and expected to head to the US in April, the data showed. At least one cargo was scheduled to discharge in May.
Imports of fuel oil from Mexico to the US are also expected to rise in April, analysts said, but the cargo tracking data has not yet shown the increase as scheduling from Mexico is typically very dynamic due to short routes.
Cargo from the UAE and Kuwait due to discharge in April would be the first in at least eight months, while March marks the first time Iraqi fuel oil will arrive in the US since mid 2021, Refinitiv data showed.
US officials have been pressing other oil suppliers to boost exports. Diplomats met Venezuelan officials in Caracas this month over the possible return of Venezuela's heavy crude to the US Gulf Coast. Refiners also have reached out to Ecuador for additional heavy crude cargoes.
“There may well be a game of musical chairs in the months ahead, as Russian fuel oil is redirected away from the US and to the Middle East, while the Middle East sends more to the US instead,” Mr Smith said.
Mica
Director: Ismael Ferroukhi
Stars: Zakaria Inan, Sabrina Ouazani
3 stars
Game Of Thrones Season Seven: A Bluffers Guide
Want to sound on message about the biggest show on television without actually watching it? Best not to get locked into the labyrinthine tales of revenge and royalty: as Isaac Hempstead Wright put it, all you really need to know from now on is that there’s going to be a huge fight between humans and the armies of undead White Walkers.
The season ended with a dragon captured by the Night King blowing apart the huge wall of ice that separates the human world from its less appealing counterpart. Not that some of the humans in Westeros have been particularly appealing, either.
Anyway, the White Walkers are now free to cause any kind of havoc they wish, and as Liam Cunningham told us: “Westeros may be zombie land after the Night King has finished.” If the various human factions don’t put aside their differences in season 8, we could be looking at The Walking Dead: The Medieval Years.
Stormy seas
Weather warnings show that Storm Eunice is soon to make landfall. The videographer and I are scrambling to return to the other side of the Channel before it does. As we race to the port of Calais, I see miles of wire fencing topped with barbed wire all around it, a silent ‘Keep Out’ sign for those who, unlike us, aren’t lucky enough to have the right to move freely and safely across borders.
We set sail on a giant ferry whose length dwarfs the dinghies migrants use by nearly a 100 times. Despite the windy rain lashing at the portholes, we arrive safely in Dover; grateful but acutely aware of the miserable conditions the people we’ve left behind are in and of the privilege of choice.
Company%20Profile
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
UAE currency: the story behind the money in your pockets
Read more from Aya Iskandarani
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
The%20Kitchen
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RESULT
Manchester United 2 Burnley 2
Man United: Lingard (53', 90' 1)
Burnley: Barnes (3'), Defour (36')
Man of the Match: Jesse Lingard (Manchester United)
FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
UAE currency: the story behind the money in your pockets
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
