FEATURE: Kuwait Al Zour refinery’s surging LSFO exports set to close Western arbitrage to Asia

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An imminent surge in low sulfur fuel oil exports from Kuwait’s new Al Zour refinery is set to fundamentally alter global trade flows, with ripple effects likely to be felt particularly in the European and Asian fuel oil markets, market participants said April 3-4. Much of Kuwait’s LSFO output is likely to make its way East to the world’s largest…