The global trading arm of Abu Dhabi National Oil Co (ADNOC) is leasing fuel oil storage in Singapore for the first time, five market sources said, part of the United Arab Emirates-backed oil and gas producer's plans to boost trade volumes in Asia.

The European Union’s ban on the import of fuels made from Russian crude has put some traders on edge as the bloc’s curbs enter into force — a reminder of the potential for blowback from regulations that are designed to hurt Moscow.

Russia's fuel oil exports to Asia are falling for a third consecutive month as U.S. sanctions, refinery disruptions, and Ukrainian attacks sharply reduce shipments and deter buyers.

Cuba has turned to Africa for fuel supplies after the loss of regular oil shipments from Venezuela and dwindling deliveries from Russia and Mexico, according to satellite-tracking data cited by Colombian outlet Semana.

Gasoline and heating oil both come from the same barrel. But the latter is more expensive, and there are a few reasons for that additional cost.

China's demand for fuel oil typically comes from independent refiners, which can opt to use it as an alternative feedstock when they run out of crude-oil import quotas.

To keep themselves from freezing, homeowners need to keep their pipes from freezing. That requires fuel for the furnance. With overnight temperatures forecast to drop below zero later this week, furnaces will be burning more fuel.

Fuel oil worth nearly Tk 14 crore has allegedly disappeared during the unloading of two crude oil consignments destined