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Asian high sulfur fuel oil markets are likely to come under intense supply pressure due to an expected drop in exports from Saudi Arabia following attacks on oil facilities, S&P Global reported. A Singapore-based trader said, "I think the Singapore bunker market could face huge supply disruptions." Ten drones attacked Saudi Arabian Oil Co.'s oil facilities in Abqaiq and Khurais on Sep. 14, affecting daily oil production of 5.7 million barrels.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms