First Mexican Fuel Oil Cargo in 9 Months Arrives in Asia

The first fuel oil cargo from Mexico has just arrived in Asia, in a first such shipment in nine months, as high Asian prices draw supplies from other regions amid the shock supply loss from the Middle East.

The cargo, on the Orion tanker, has arrived in Singapore, and more cargoes from Mexico are likely to follow amid favorable arbitrage economics and sufficient supply in the Americas, industry sources told Reuters.