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Kuwait’s Fuel Oil Exports Jump to Record as New Refinery Ramps Up

Fuel oil exports from one of OPEC’s top crude exporters, Kuwait, are estimated to have hit a record-high level in February, as the new Al-Zour Refinery has ramped up fuel processing to full capacity. In February, fuel oil exports from Kuwait reached a record high of around 720,000 metric tons, equal to 158,000 barrels per day (bpd), according to ship-tracking data from analytics firm Kpler cited by Reuters.

According to data from LSEG, Kuwait’s fuel oil exports in February have been around 516,000 tons, which is the highest export…

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