Latest news and articles about fuel exports from NEX English
Despite President Donald Trump's suspension of the Jones Act for 60 days, trade data indicates that this move has not significantly affected domestic oil supplies. American companies prefer exporting fuel rather than boosting internal shipments.
In March 2023, U.S. refined product exports reached a record high, driven by the impacts of the ongoing war on Iran, prompting countries in Europe, Asia, and Africa to seek alternatives to compensate for supply shortages.
Dangote Petrochemical Refinery in Nigeria has announced the start of fuel exports to five African countries after reaching its full production capacity. This development comes following several shipments to distant markets including Tanzania.