Asia residual fuels: Key market indicators for Oct 25-29
Sentiment in the Asian marine fuel 0.5% and high sulfur fuel oil markets stood in contrast, amid firmer demand for very low sulfur fuel oil from North Asia and tightening supply in China. This is in contrast to dwindling power demand in the Middle East and South Asia for HSFO.
EU ETS would add Eur200/mt onto bunker bills at current levels: DNV official
The EC's legislative proposal forecasts CO2 emissions from shipping being included in the EU ETS from 2023, but with companies only having to surrender 20% of their obligation that year, rising to 45% in 2024, 70% in 2025 and 100% in 2026.
BUNKERWORLD: Prices waver as cooling energy markets outweigh marine fuel tightness
**Fujairah VLSFO firms on tight barges
**European VLSFO tightens on Sines outage
**Limited availability at Ecuador until end-October
Fujairah's marine fuel 0.5%S cargo gains outpaces Singapore; spread slims to near 7-month low
The supply of marine fuel 0.5%S in Fujairah has tightened as robust demand for the bunker fuel depleted inventories and tightened barge availability, traders said.
FUJAIRAH DATA: Sep bunker sales slip 9.5% on month as high prices curb demand
Buyers held off purchases as long as possible in September because the rally in crude oil drove up costs, traders said.
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