Globally, fuel oil is oversupplied in Europe, Russia, the
Americas, and the Middle East. As the Asia-Pacific region
becomes a new growth driver in the world economy
amidst globalization, it also experiences the most severe
– and still mounting – supply shortage. At present, the
global shipment of fuel oil mainly follows three routes: from
Europe to Singapore and the Gulf of Mexico, from the
Middle East to Singapore and Northeast Asia, and from
the Gulf of Mexico and Latin Americas (including Mexico,
Venezuela, and Brazil) to Singapore and Northeast Asia.
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