Around half of Iran’s estimated 1.2 million mt of fuel oil exports loading in February are expected to end up in Singapore, market sources said this week. Iran is believed to have exported around 760,000 mt of fuel oil in January, of which Singapore likely received around 100,000 mt late in the month, after sanctions were lifted, the sources said. The journey from Iran to Singapore takes around 12 days. The other half of Iran’s February exports will likely flow into the Fujairah bunker fuel market, the sources said. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures summary Weekly API statistics, and much more Before sanctions were imposed in 2011, Iran had been exporting around 600,000 mt/month of […]