The terminal sector of the facility, which also includes a 176,400 b/d idled refinery, has positioned itself as a standalone entity, CEO Todd Dillabough said in the Aug. 8 statement.

Looking forward, industry participants said weakening macroeconomic conditions could hurt trade volumes even as port throughput in China is recovering.

In recent months, Platts has observed that an increasing number of market participants have been restricting material from Russia, in part or entirely, in their spot fuel oil trading activity.

S&P Global Platts has corrected the July 27 Singapore product swap crack spread assessments against Dubai crude for August.

These new assessments will reflect the cost to move crude oil or fuel oil on an Aframax tanker on each route, including the additional cost required to offset 100% of the carbon dioxide emissions created through the combustion and exhaust of a ship's marine fuel through the European Union's Emissions Trading System (ETS).