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• SINGAPORE DATA: Residue stocks hit 6-week high as fuel oil imports surge
  Jul 23
  Underpinning the rise in residue inventory was a 79% increase in fuel oil imports over the same period to 1.28 million mt, as imports rose from all regions except Europe. The total imports were last higher in the week ended April 14, at 1.44 million mt.
• Singapore's VLSFO-HSFO spread widens to 5-month high on firm fundamentals
  Jul 13
  "The ex-wharf market though is improving, and term discussions for August are already being offered a couple of dollars higher than July at close to $6/mt," a supplier said.
• OPEC+ hikes June output by 540,000 b/d amid higher demand for crude
  Jul 8
  **Saudi pumps at five-month high of 8.97 mil b/d **Russian output flat at 9.51 mil b/d
• FUJAIRAH DATA: Oil product stocks fall to six-week low on higher summer demand
  Jul 7
  Heavy distillates inventories were down 33% from this time last year, according to the FOIZ data provided exclusively to Platts. Stockpiles may continue to decline after Pakistan State Oil bought 65,000 mt of 180 CST high sulfur fuel oil, with maximum 3.5% sulfur from Vitol for delivery to Port Qasim over July 21-29 at a premium of $52.28/mt to the Mean of Platts Arab Gulf 180 CST HSFO assessments, CFR, Platts reported earlier.
• Aramco Trading Company begins bunkering operations at Yanbu Port
  Jun 29
  Aramco Trading Company, or ATC, has begun bunkering operations at Saudi Arabia Yanbu Industrial Port, the company said in a June 29 statement.
• China's latest round of import quotas likely to prompt caution in H2 crude buying
  Jun 22
  China's second batch of crude import quota allocations has created uncertainty over the total volume that qualified independent refineries will be allowed to import for the full calendar year 2021, which is likely to make them cautious in their procurement activities in the coming months, according to market sources.
• Asia residual fuel market: Key market indicators this week
  Jun 21
  While the bunker demand for marine fuel 0.5%S in the Asia-Pacific market remains lukewarm overall, the lifting of 14-day mandatory quarantine for crews on vessels at Hong Kong for bunkers-only calls is expected to raise demand marginally in the port city.
• Peninsula renews credit facility amid increasing financial scrutiny of bunker sector
  Jun 15
  **Recent credit events in bunker sector **Decarbonization may present further credit challenges
• SHIPPING: Carbon tax proposals ahead of IMO meeting make owners jittery
  Jun 8
  **Maersk CEO's tax proposal fails to cut much ice **Concerns over green fuels' supply
• EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week
  Jun 1
  Healthy gasoline and diesel margins incentivized increased VLSFO production from Mediterranean refiners.
• Sri Lanka Hambantota port to set up marine fuel testing lab
  May 26
  In a virtual ceremony, HIP signed a 10-year partnership agreement with Intertek Lanka. Intertek lab will provide assurance, testing, inspection and certification services.
• India shipping operations run into disarray as cyclone makes landfall
  May 18
  Port operations delayed by few days with crude, coal imports likely to be hit
• SINGAPORE DATA: April bunker sales rise 3.5% on year, up 1.4% from March
  May 14
  The overall rise in bunker sales was driven by a jump in high sulfur bunker fuel sales, the data showed.
• China's tepid ESPO crude demand puts Aframax rates under pressure, but USWC fixtures support
  May 12
  Presently, Aframaxes are barely earning $2,500-$4,000/day on some of the key routes in the East of Suez, sources said.
• LPG, oil operations at Indian ports normal amid COVID-19 measures
  May 4
  "There has been no berthing restrictions as of now at any LPG port due to COVID-19," one importer said.
• EMEA residual fuel: Key market indicators
  Apr 12
  Saudi Arabia has been seen pulling in fuel oil cargoes from the ARA region in April, with the Aframax Seatribute loading about 80,000 mt of fuel oil from Rotterdam on April 4 with an estimated time of arrival at Yanbu port of April 19, according to data from cFlow, Platts trade flow software.
• BUNKERWORLD: Marine fuel prices bearish despite pockets of tightness, congestion
  Apr 1
  **Fujairah to see improved 0.5%S FO supply **Tightness at Rotterdam likely to linger **Poor visibility, weather at USGC may cause delays
• East of Suez ULSD shipments to Europe set at 510,000 mt in March, Suez transit dependent: cFlow
  Mar 26
  Around 510,000 mt of East of Suez ULSD is set to arrive in Europe in March, including around 220,000 mt sent in the seven days to March 26, according to cFlow, S&P Global Platts trade flow software.
• Singapore 180 CST HSFO to firm in the near term on uptick in regional demand: traders
  Mar 10
  The country may to import around 350,000 mt of HSFO in March, up from 300,000 mt in February, as rising temperatures boosts power demand.
• Lanka Marine Services starts 0.5%S marine fuel sales at Hambantota
  Mar 1
  "Cargo imports are done by Sinopec Sri Lanka with whom LMS has entered into a strategic partnership," company officials said.
• MARINE FUEL 0.5%: Outright prices rebound on tight supply; retail bunker market demand below normal
  Feb 4
  Singapore is expected to receive about 2.5 million mt of low sulfur fuel oil from the West in February, traders said.
• Bunkerworld Index: Vaccine shortages, lower Chinese mobility weigh on crude, marine fuel
  Jan 29
  **Singapore market seen lower as Lunar New Year nears **More vessels in Mediterranean signal firming demand **Diverging US sentiment on firming upstream, limited liquidity
• OPEC+ adjourns meeting until Jan. 5 with no deal yet on February oil quotas: delegates
  Jan 5
  **Russia seeks 500,000 b/d increase, but many opposed **Saudi Prince Abdulaziz says loose pumps may sink market **Novak says vaccines have improved oil market outlook
• European VLSFO cracks hit nine-month high despite poor demand
  Dec 30
  The 0.5%S European marine fuel cracks hit nine-month highs on Dec. 29 despite weak demand through December.
• UK fuel demand set to slump over new travel curbs from COVID-19 variant
  Dec 22
  **London traffic slumps to lowest since early June **Move to slash European air travel demand **Jet fuel demand facing new 'downside risk'
• Singapore HSFO prompt time spreads drop to near two-month lows
  Dec 9
  **180 CST time spread flips to contango **Power sector demand dwindles on lower temperature
• First European 0.5%S marine fuel paper indication seen in Platts MOC
  Dec 7
  The first 0.5%S marine fuel paper instrument was seen in the Platts Market on Close process Dec. 7, 11 months since the implementation of the International Maritime Organisations sulfur cap which came into play on Jan. 1, 2020.
• FUJAIRAH DATA: Oil product stocks rise 2.3% on big build in heavy distillates
  Dec 2
  **Heavy distillate inventories rise from 2-year low **Middle distillates fall from last week's record high **Light distillates fall slightly from 10-week high
• CHINA DATA: Oct fuel oil exports fall 3% on month to 1.22 mil mt
  Dec 1
  **Exports soar 164.7% on-year **Chinese refineries have significantly expanded capacity
• Singapore LSFO inter-month structure sees volatility amid low production, lacklustre demand
  Oct 30
  Most Asian refiners continue to maintain lower LSFO production rates, continuing a production plan which began towards the end of Q2.
• Singapore's residue stocks edge up 1% to 7-week high, bunker demand stable
  Oct 9
  Stocks were last higher Aug. 19 at 25.485 million barrels, historical data showed.
• Hafnia's fuel procurement, strategies lead to smooth IMO 2020 transition: executive
  Oct 7
  "For us, the decision to use LSFO has proven beneficial significantly quicker than we expected," Sorensen said.
• ARA fuel oil stocks up 16.7% on week to 1.233 mil mt: Insights Global
  Sep 11
  Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub, as measured by Insights Global, rose 16.7% to 1.233 million mt in the week to Sept. 9.
• ARA fuel oil stocks down 4% on week to 1.057 mil mt: Insights Global
  Sep 4
  Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub, as measured by Insights Global, fell 4% to 1.057 million mt in the week Sep 2.
• Rotterdam Hi-5 bunker spread hits all-time low
  Aug 24
  The premium of very low sulfur fuel oil over its high sulfur equivalent at Rotterdam port fell to a record low on Aug. 21, as the latter stays resilient to bearish fundamentals in the global oil complex.
• Fujairah bunker volumes edge up in July after hitting lowest this year
  Aug 17
  Bunker volume at the Port of Fujairah in July rose 1% on the month after hitting a seven-month low in June, according to a report seen by S&P Global Platts.
• Europe and Africa residual fuel: Key market indicators this week
  Aug 10
  The summer lull and muted demand for fuel oil compared with pre-coronavirus pandemic levels meant European market fundamentals remained little changed.
• North Asia high sulfur bunker fuel demand jumps in July as more ships install scrubbers: traders
  Jul 22
  Supply of the grade was tight in Hong Kong as scrubber-installed ships have been taking big stems.
• Singapore ex-wharf low sulfur marine fuel spread to gasoil widens on slow demand
  Jul 14
  "We have been discussing spot volumes a month in advance because we anticipated demand to be slow," a supplier said
• Singapore HSFO viscosity spread at narrowest since mid-April on 380 CST demand
  Jul 7
  Amid a surge in demand and tighter supply of 380 CST high sulfur fuel oil, the Singapore HSFO viscosity spread, measured as the difference between the 180 CST and 380 CST grades, narrowed to a near three-month low at $2.33/mt July 7, S&P Global Platts data showed.
• MARINE FUEL 0.5%S: Global VLSFO market struggles to cope with excess of supply, poor demand
  Jul 2
  In Singapore, June demand- as measured by low sulfur bunker sales- is expected to be slightly lower than May's sales.
• Rotterdam VLSFO bunkers at three month high
  Jun 22
  "Locally, [European] demand is picking up as well, and margins start to find some color," one source said.
• Taiwan Formosa likely to skip LSFO exports for Jul loading on run cut
  Jun 18
  "We will hold DSAR [desulfurized atmospheric residue] for RFCC feedstock" rather than blending it into low sulfur fuel oil," the source said.
• Singapore 180/380 CST HSFO spread widens to 3-month high on strong 180 CST demand
  Jun 11
  The strong demand for 180 CST high sulfur fuel oil for power generation has widened the spread between FOB Singapore 180 CST HSFO and 380 CST HSFO, otherwise known as the viscosity spread, to a three-month high of $15.40/mt on June 10, fuel oil traders in Singapore said.
• Tracing the liquidity crisis that roiled oil traders from Shandong to Singapore
  May 27
  Many of the smokestack refiners in the northeastern province of Shandong used questionable credit practices.
• Commodity traders feel the heat in Hin Leong aftermath
  May 11
  Companies are also scrutinizing the use of letters of indemnity in place of bills of lading.
• Fujairah light distillates imports fell to record low in March: Kpler
  May 4
  Traders were storing more gasoline and gasoil at sea in March as lockdowns curbed commuting and leisure driving, market analysts said.
• OIL FUTURES: WTI gains on producer cuts, but rest of complex slides as economic storm clouds gather
  May 1
  NYMEX WTI futures settled higher Friday as more producers announced output cuts, but the rest of the oil complex declined as weak economic data weighed on demand outlooks.