Physical Markets Ignore Iran Headline Driven Collapse As Europe Moves To Support Biofuels
Distillate inventories fell another 1.3 million barrels in the US to 102.3 million barrels while Fujairah heavy fuel inventories dropped 7.7% to just 2.82 million barrels despite a $107/mt collapse in ICE gasoil triggered by another fake Iran deal headlines.
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