2 tankers carrying India’s Reliance fuel ditch Europe, divert to Singapore, Southeast Asia

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Two tankers carrying fuel from Reliance Industries in India, originally destined for Europe, have rerouted to Asia. The Advantage Life, carrying diesel, is now headed to Singapore, while the Navig8 Honor, carrying jet fuel, is diverting to Southeast Asia. This change in destination, occurring in early March, is driven by Reliance capitalizing on strong Asian refining margins. The shift comes as Asian buyers seek to secure fuel supplies amid expected refinery production cuts due to constrained oil supply from the Strait of Hormuz. Singapore jet fuel refining margins reached a record high on March 5th.
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AI-ExtractedSingapore jet fuel refining margins hit a record on March 5 of US$80 a barrel.
The Navig8 Honor, carrying jet fuel, is heading for Southeast Asia.
The Advantage Life, carrying diesel, is bound for Singapore.
Two tankers carrying fuel from Reliance Industries diverted from Europe to Asia.
Asian buyers are securing fuel supplies due to expected refinery run cuts.
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