According to Jin10, Vitol Energy Group CEO Russell Hardy said refined fuel markets are showing signs of tight supply, while the crude oil outlook looks "okay" and traffic through the Strait of Hormuz is recovering. At the S&P Global Energy Asia Pacific Petroleum Conference in Singapore on Tuesday, Hardy said total daily shipments through the waterway are currently about 10 million barrels, including 9 million barrels of crude oil and the rest refined fuel. He added that the estimate is uncertain and the figures may fluctuate, and said refined fuel is indeed in short supply because there is a daily shortfall of 2 million barrels of crude oil from Russia and 2 million barrels from the Middle East.