HS 271019 Petroleum Products ⚡ Energy sensitive⚠ HazmatSupply concentration: HIGH

Heavy Fuel Oil / Middle Distillates (non-light petroleum preparations)

HS 271019 covers heavy and medium petroleum preparations including heavy fuel oil, marine bunker fuel, lubricant base stocks, and other non-light refined petroleum products with 70%+ petroleum content. This is a strategically sensitive commodity with supply heavily concentrated among OPEC+ nations and major refining hubs such as Singapore and the Netherlands, creating significant geopolitical price exposure. Trade flows are closely monitored for sanctions compliance, particularly regarding Russian and Iranian origin crude-derived products, and transshipment through intermediary ports poses elevated risk of origin misrepresentation.

Key exporting countries

SA RU US AE IQ KW NL SG

End markets & applications

Recent trade flows

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