Bunkerworld Insights

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Insights

Singapore July LSFO arbitrage inflow from West likely to stay below 2 mil mt: traders

Jun 28, 2022

Platts

As Singapore typically receives fuel oil cargoes with a sulfur content of over 0.5% and sells about 2.5 million mt/month of low sulfur bunker fuel with maximum 0.5% sulfur, supply is expected to remain tight in July, sources said.
ASIA RESIDUAL FUELS: Key market indicators for June 27-July 1

Jun 27, 2022

Platts Bunkerworld .

Supply-demand fundamentals in the high sulfur fuel oil market were expected to remain weak due to increasing cargo inflows to Asia, even though demand from the Middle East was rising to meet summer electricity demand, the sources said.
ARA fuel oil stocks drop 1.2% on week to 1.258 million mt: Insights Global

Jun 24, 2022

Platts

Stocks dropped for the first time in three weeks.
BUNKERWORLD INDEX: Prices drop on declined crude markets, tight supply

Jun 24, 2022

Platts

South Korean oil majors are reportedly close to selling out low sulfur fuel oil inventories for June bunker deliveries, with limited volumes available for prompt requirements, sources said.
Singapore-delivered low sulfur bunker premium at all-time high on tight prompt availability

Jun 23, 2022

Bunkerworld

Any seller who still had oil -- and barging slots -- available to offer against the few inquiries that still trickled in for bunker deliverable in June, was potentially benefiting from a seller's market, traders said.
Fujairah-delivered low sulfur bunker premium at all-time high on tight availability

Jun 22, 2022

Platts Bunkerworld .

Supply was expected to ease from early next week when the unit was likely to come back online, but this was not confirmed, a Fujairah-based trader said.
Oil market to remain tight into 2023 as demand continues to recover: Vitol CEO

Jun 21, 2022

Platts

Platts Analytics sees Russian supply declining by 2 million b/d by end-2022 as a result of tougher EU sanctions on imports of its oil.
FEATURE: Maritime decarbonization needs more incentives for drastic push

Jun 20, 2022

Bunkerworld

In January, the GCMD awarded its ammonia bunkering safety study to a DNV-led consortium
BUNKERWORLD INDEX: Supply shortages support on-week gains in bunker markets

Jun 17, 2022

Bunkerworld

* Zhoushan bunkers increasingly attractive amid Shanghai tightness * Short HSFO supply at Hamburg * Limited supply, slow demand at Panama
Russia, Saudi Arabia discuss measures to stabilize oil market

Jun 16, 2022

Platts Bunkerworld .

Russia and Saudi Arabia are key members of the OPEC+ crude oil production agreement, and the two ministers met at a time when Russian production has been significantly impacted by Western sanctions in response to the invasion of Ukraine.
Energy, policy experts float alternative approaches to energy sanctions on Russia

Jun 14, 2022

Platts

The jump in oil prices meant that Russian oil revenue did not suffer, has not suffered even though it has to offer discounts to move barrels, Edward Chow, senior associate in the Energy Security and Climate Change Program at the Center for Strategic and International Studies, said during a discussion hosted by the Atlantic Council.
Thin competition likely to keep pressure off HSFO premiums despite China restocking

Jun 13, 2022

Bunkerworld

Shanghai delivered HSFO bunker premiums last peaked at $209.13/mt May 13, the highest since since S&P Global started assessing the grade on Nov. 2, 2009.
SINGAPORE DATA: Residual fuel stocks rise 4% on higher imports, lower exports

Jun 10, 2022

Platts Bunkerworld .

Imports from the Middle East stood at 137,643 mt in the week to June 8, down 34.9% week on week, the data showed.
OPEC+ move dispels Asia's crude supply concerns amid reviving demand

Jun 9, 2022

Platts

In addition, a severe shortage of middle distillates, especially diesel, is putting a lot of constraints on everyday consumers and businesses across the region with retail auto fuel prices surging to record highs.
Singapore marine fuel 0.5%S-380 CST HSFO spread widens to all-time high on weak HSFO

Jun 8, 2022

Bunkerworld

In addition, a fuel oil trader said: "Refining margins are so good, refiners are maximizing their run rates. High sulfur fuel oil is coming out of the refineries."
China issues 4.5 mil mt of new oil product export quotas as stocks swell: sources

Jun 7, 2022

Bunkerworld

With the release, the total allocation for 2022 stands at 17.5 million mt as of June 7, staying 40.7% lower than the 29.5 million mt volume a year ago.
Russia says it can bypass EU ban on insuring maritime oil deliveries to third countries

Jun 6, 2022

Platts Bunkerworld .

The EU said in a statement June 3 that its sixth sanctions package prohibits EU operators from insuring and financing seaborne transport of Russian oil to third countries after a wind-down period of six months.
EU ban on insuring Russian ships signals potential oil market risk

Jun 2, 2022

Platts

Insurance could also add to already high shipping costs, with freight rates assessed by S&P Global Commodity Insights at elevated levels this year.
EU Russian ships insurance ban to distort commodities trade: sources

Jun 2, 2022

Bunkerworld

Sources with a few tankers charterers in Asia said a small part of the global tankers and dry bulk fleet has already started to specialize in trading in Russian oil, coal, grains and refined products, notwithstanding the financial roadblocks.
Singapore marine fuel 0.5%S cash differential hits all-time high on shortage

May 30, 2022

Platts Bunkerworld .

LSFO supply tightened in Europe amid higher gasoil crack spread. Blending stocks to produce low sulfur fuel oil, such as vacuum gasoil and light cycle oil, are taken by the gasoil market, market sources said.
Russia grants waiver for LNG supplies from Yamal LNG to former Gazprom unit

May 26, 2022

Platts Bunkerworld .

According to the government order signed May 25, activities related to deliveries by Yamal LNG to Gazprom Marketing & Trading Singapore will be temporarily exempted from the sanctions.
FUJAIRAH DATA: Oil product stocks fall after record Saudi fuel oil shipment

May 18, 2022

Platts Bunkerworld .

Heavy distillates and residues used as fuel oil for power generation and marine bunkers dropped 6.6% to 10.342 million barrels.
Asia residual fuels: Key market indicators for May 17-20

May 17, 2022

Platts

The Singapore marine fuel oil market is expected to remain firm in the May 17-20 trading week, as tight availability of cutter stocks persist given relatively stronger gasoil crack spreads compared with low sulfur fuel oil.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators

May 16, 2022

Bunkerworld

Supply in the very low sulfur fuel oil and low sulfur markets remained tight, with the Mediterranean relatively shorter than the North, sources said recently.
SINGAPORE DATA: Residual fuel stocks plunge to near 3-year low as exports rise

May 13, 2022

Platts Bunkerworld .

Singapore exported 50,049 mt of fuel oil to Bangladesh over May 5-11 as the country has been increasing fuel oil purchases amid rising temperatures.
German HSFO bunker premium to Rotterdam reaches all-time high on supply tightness

May 11, 2022

Platts Bunkerworld .

Prior to 2022, the largest spread between the two ports was $49/mt in 2019.
Zhoushan's oil storage capacity utilization at 44% in May

May 11, 2022

Platts

The storage data covers 10 tank storage companies across six oil products, such as crude oil, low sulfur fuel oil, gasoil, diesel, jet fuel, and naphtha, data on ZME's website showed.
Saudi, UAE energy ministers say NOPEC bill risks destabilizing the oil market

May 10, 2022

Bunkerworld

OPEC and its allies are being blamed unfairly for the energy crisis, when other commodities are also seeing high prices, Saudi energy minister Prince Abdulaziz bin Salman said.
EU's proposed ban on Russian crude likely to reshape global oil market

May 4, 2022

Platts Bunkerworld .

Germany, Europe's largest consumer of Russian energy and second-largest buyer of Russian crude, has seen most of its refiners and oil importers switch away from Russian supplies in recent weeks, allowing the country to slash its dependence on Russian crude to 12% of its imports from 35% before the invasion of Ukraine.
Shanghai delivered 380 CST HSFO bunker premium hits 2-year high on tight supply

Apr 28, 2022

Bunkerworld

HSFO demand is strong and the local supply situation should ease from mid-May with some replenishment stocks, a trader in China said.
Marine gasoil prices spike as Russia's middle distillate squeeze spills onto European waters

Apr 27, 2022

Bunkerworld

Delivered MGO at Rotterdam reached $1,340 April 21, surging 30.7% in two weeks.
Dated Brent basket differentials diverge amid distillate strength, muted long-haul demand

Apr 26, 2022

Platts Bunkerworld .

The steep discounts could well mark a floor for Forties, according to another trader.
Asia residual fuels: Key market indicators for April 25-29

Apr 25, 2022

Platts

Singapore marine fuel 0.5%S is expected to see supply tightness in sulfur cutter stocks, while the prevailing specification issue is lending support.
BUNKERWORLD INDEX: US rate hike weighs on VLSFO despite falling supplies

Apr 22, 2022

Platts Bunkerworld .

*Zhoushan VLSFO stocks dwindle *NWE suppliers concerned about MGO supply *Chile awaits resupply cargoes
OPEC cuts 2022 oil demand outlook on outbreak in China, slower economic growth

Apr 12, 2022

Bunkerworld

OPEC now expects global oil demand to average 100.5 million b/d in 2022, for year-on-year growth of 3.67 million b/d, the organization said in its closely watched oil market report.
Asia residual fuels: Key market indicators for April 11-15

Apr 11, 2022

Platts Bunkerworld .

Crude oil futures opened lower in Asia April 11, with June ICE Brent trading at $100.47/b at 0300 GMT, down $1.11/b from the 0830 GMT Asian close April 8
INTERVIEW: Monjasa sees potential for shifting trade flows on Ukraine fallout

Apr 7, 2022

Platts Bunkerworld .

The war in the Black Sea has disrupted trade from the region and pushed shipping markets towards other ports and routes to bring key commodities to consumers.
VGO loadings from Russia's Tuapse crash to zero for April

Apr 6, 2022

Platts Bunkerworld .

By comparison, 150,000 mt of VGO was set for export from Tuapse in March, and 120,000 mt in February, according to S&P Global data.
European hi-lo fuel oil swap hits near 1-year low amid lower Russian volumes

Apr 5, 2022

Platts

Sources said that there had been some relaxing of the tightness in the physical market for lower sulfur grades.
Germany says European buyers to continue payments in euros under new Russian rules

Mar 31, 2022

Bunkerworld

Following talks with Russian President Vladimir Putin, Scholz's office said payments in euros would be converted into rubles by the state-run Gazprombank under the proposed new rules.
Singapore HSFO differential near 6-month highs on tight supply, specification issues

Mar 25, 2022

Bunkerworld

Market sources expected high sulfur fuel oil inflow from the Middle East to decline as US refiners are taking cargoes there as an alternative to Russian fuel oil cargoes.
FUJAIRAH DATA: Oil product stocks drop to two-week low as heavy distillates dip

Mar 23, 2022

Platts Bunkerworld .

Heavy distillates used as fuel oil for power generation and for marine bunkers dropped 6.2% in the week to March 21, to 10.126 million barrels, a three-week low.
Immediate EU ban on Russian oil imports would be 'nuts': former US energy official

Mar 22, 2022

Platts

Europe is particularly dependent on Russian oil and was importing about 2.7 million b/d of crude and another 1.5 million b/d products, mostly diesel, before the invasion of Ukraine.
Saudi Arabia says it is no longer responsible for oil market stability

Mar 21, 2022

Bunkerworld

According to the S&P Global Oil Security Sentinel, the kingdom oil and energy infrastructure has been targeted over 40 times since 2017, with the biggest incident occurring in 2019 when drone attacks hit the giant Abqaiq oil processing facility.
BUNKERWORLD INDEX: Hesitancy over Russian clients, supply concerns contribute to volatility

Mar 18, 2022

Bunkerworld

The war in Ukraine was expected to curb supply of low sulfur bunker fuel at Fujairah as economic sanctions on Russia impede imports of 0.5%S fuel oil feedstocks for the blending pool, local traders said.
TotalEnergies completes first marine bio-VLSFO bunker delivery in Singapore

Mar 17, 2022

Bunkerworld

The delivery was part of a biofuel trial recently completed by NYK Line and Anglo American.
Russia-Ukraine conflict will boost demand for carbon offsets: executives

Mar 16, 2022

Bunkerworld

The volatility impacted sentiment in carbon markets around the world, including the voluntary market and regional carbon markets.
OPEC keeps 2022 demand outlook steady, says long Ukraine war would cut investments

Mar 15, 2022

Platts Bunkerworld .

With the US and Europe calling on oil producers to boost output in the face of bans on Russian crude, demand for OPEC crude is growing.
Asia residual fuels: Key market indicators for March 14-18

Mar 14, 2022

Platts

Low sulfur and high sulfur fuel oil cargo premiums were rising in Asia and Europe, partly due to less product being loaded at Russian ports, and this trend is expected to continue into the week of March 14, according to traders in Asia.
BUNKERWORLD INDEX: Prices climb amid surging oil complex, varying demand patterns

Mar 11, 2022

Bunkerworld

*Lackluster demand at Singapore *High prices, rising demand in Europe *East Coast US feedstocks limited
Bunker players roil over credit, oil prices as Russia-Ukraine war rages

Mar 8, 2022

Platts Bunkerworld .

The current market dynamics has created the perfect storm in the global bunker industry, likely accelerating consolidation as the purchasing power of independent bunker suppliers, particularly the smaller ones, wanes.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators

Mar 7, 2022

Platts

In downstream bunker markets, demand for 0.5%S was up on the week as suppliers anticipate tight availability in the coming weeks following Russia's invasion of Ukraine.
Ukraine crisis creates geopolitical turmoil, clouding VLGC market in 2022: BW LPG

Mar 4, 2022

Platts

Near-term rate volatility could be triggered by bunker-price shocks, changing trading patterns, unexpected LPG inventory, management and changes to shipping inefficiencies, the company said in its fourth quarter and 2021 report.
FUJAIRAH DATA: Oil product stocks dip following record increase a week ago

Mar 2, 2022

Bunkerworld

Low sulfur fuel oil cargoes at Fujairah are tight but barge supply has been steady, and any impact from the Russia-Ukraine conflict has yet to be seen, traders said.
FEATURE: Russian invasion disrupts Ukrainian sunflower oil industry

Mar 1, 2022

Bunkerworld

The closure of key shipping ports have stopped sunflower oil being loaded onto vessels.
Energy traders, banks scramble to assess impact of Russian SWIFT ban

Feb 28, 2022

Platts Bunkerworld .

As the market remains nervous about the growing risk of the scope of the new sanctions, the uncertainty has already tempered the appetite for financial commitments to buy Russian commodities.
Odessa bunker operations normal amid Ukraine-Russia conflict: sources

Feb 25, 2022

Platts

Bunker demand is expected to rise in nearby Skagen, Georgian and Turkish ports.
IEA decries $40 billion methane leaks from energy system

Feb 23, 2022

Bunkerworld

The 180 Bcm leaked would have been comfortably enough to ease today's price pressures, the report said.
Shipowners avoid Black Sea ports, traders brace for sanctions as war fears rise

Feb 22, 2022

Bunkerworld

Networks of commodity traders, shipping finance executives and ship brokers in the shipping hub of Singapore said they have been on high alert since an escalation in the Russia-Ukraine crisis and the likelihood of a US response.
Oil traders scramble for premium crudes as Dated Brent crosses $100/b

Feb 17, 2022

Platts

The physical crude markets have shifted to unchartered territory, as demand of prompt oil is soaring supported by uncomfortably low spare capacity, and shrinking oil inventories.
BUNKERWORLD INDEX: Supply limits support bunker prices amid wobble in crude markets

Feb 11, 2022

Platts Bunkerworld .

*Limited blendstock decreases availability of VLSFO at Fujairah *Tightness across all grades at Rotterdam likely to persist *High freight, resupply costs limit VLSFO availability at Panama
Physical crude markets frenzied as Dated Brent nears $100/b

Feb 8, 2022

Platts

Dated Brent -- used to price more than half of the world's crude -- surged to $98.20/b on Feb. 7, the highest since Sept. 9, 2014, S&P Global Platts data showed Feb. 8
Limited output, rising oil complex boosts VLSFO to record highs

Feb 4, 2022

Platts

Desulfurization is an energy-intensive process and it is proving costly in the current environment of high gas prices, leading refiners to trim production of the bunker fuel.
Panama Canal to decrease Neopanamax locks maximum draft to 49.5 feet

Feb 3, 2022

Bunkerworld

Waiting times peaked Feb. 1 at 12 days for Super class tankers, which includes clean MRs and LR1s, traveling Southbound.
FEATURE: Brent backwardation as steep as it has ever been

Feb 2, 2022

Platts Bunkerworld .

With both OPEC+ and other suppliers unable to keep pace with global demand growth as coronavirus restrictions ease, booming product markets have meant crude buyers have been scrambling to secure prompt loadings, driving that sharp structure.
OPEC+ ministers to set March oil quotas under the cloud of potential Russia sanctions

Feb 1, 2022

Platts Bunkerworld .

Members with spare output capacity, mainly Saudi Arabia and the UAE, may be asked by their key customers to ease the squeeze with additional production beyond their quotas, which could jeopardize their five-year OPEC+ alliance with Russia.
ANALYSIS: Commodity trading, shipping hubs anxious on proposed Russia sanctions

Jan 28, 2022

Platts

A Japanese LNG buyer said they may prefer to buy from suppliers, such as Qatar, the US and Australia, with less political risk.
Asia residual fuels: Key market indicators for Jan 24-28

Jan 25, 2022

Bunkerworld

Supply tightness in Asian marine fuel 0.5%S market is expected to remain due to a lack of blending components until the first half of February, traders said Jan. 24. The tightness, however, is likely to ease in the second half of February as at least one cargo of Skikda crude and one of sulfur cutter stocks, is going to arrive in Asia.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators

Jan 17, 2022

Platts Bunkerworld .

Prompt demand for European very low sulfur fuel oil -- used as a marine fuel -- hit its highest point in two years, as measured by the backwardation of the paper market.
Severe weather at Fujairah disrupts bunkering, delays oil cargo replenishments

Jan 4, 2022

Platts

Some sellers were grappling with tightening inventory levels as persistent thunderstorms and strong winds delayed the arrival of low sulfur fuel oil cargo replenishments, according to local bunker suppliers.
BUNKERWORLD INDEX: Bunker prices rise amid firming crude, pockets of tightness

Dec 31, 2021

Platts

*Tight VLSFO at Zhoushan *Rotterdam demand low, availability sufficient *Limited availability at Balboa
Bunker industry calls for holistic approach while embracing mass flow meters

Dec 29, 2021

Bunkerworld

MFMs measure the flow rate in the pipe, gauging the quantity as well as the mass and density of the fuel.
India's 10-month high in crude imports signals robust demand outlook

Dec 27, 2021

Platts Bunkerworld .

India's refined oil product exports fell 2.9% month on month to 5.2 million mt, or 1.3 million b/d, in November, PPAC data showed. The decline in exports of refined products was driven by diesel sales, which fell amid Omicron-related concerns. Diesel exports fell 3.9% on the month in November.
Jan-arrival LSFO arbitrage cargo in Singapore expected to rise from Dec: traders

Dec 23, 2021

Platts

Underpinning at least some of the increase was the expectation of at least cargo of low sulfur Skikda crude barrels loading in December from Algeria heading East, after no November-loading cargoes were shipped to Singapore, traders said.
Zhoushan delivered marine fuel 0.5%S premium over eleven-month high as competition eases

Dec 22, 2021

Platts

Bunker demand at the North Asian bunker hub of Zhoushan has been moderate at best, amid a slowdown in shipping activity prior to the year-end festivities, market sources said.
Minerva announces new bunker supply operation in Argentina

Dec 20, 2021

Platts

Service will provide deliveries of marine fuel 0.5%S, low sulfur marine gasoil in Buenos Aires, surrounding ports.
ICE LSGO futures net speculative length up 4,971 contracts on week

Dec 20, 2021

Platts

Open interest in the futures was down 14,885 contracts over the reporting week to 640,218 contracts.
Tight low sulfur fuel oil stockpiles firm up Dec Singapore ex-wharf bunker premiums

Dec 14, 2021

Platts

The first bunker supplier also said that buyers paying up the prevailing ex-wharf premiums run the risk of selling delivered bunkers below cost, while it would be more prudent to hold off amid the steep backwardation.
Asia residual fuels: Key market indicators for Dec 13-17

Dec 13, 2021

Bunkerworld

With sufficient supply in the high sulfur fuel oil market in Singapore to meet bunker demand, premiums are expected to hold steady in mid-December, according to bunker suppliers here.
Bunker sales competition to heat up in Shanghai, Guangzhou on new deregulation

Dec 10, 2021

Platts Bunkerworld .

Industry sources expect more bunker suppliers could get approval to start business at these two ports in the first half of 2022.
OPEC+ lifts crude output by 500,000 b/d in Nov amid omicron uncertainty

Dec 9, 2021

Platts

OPEC 13 countries pumped 27.85 million b/d, up 300,000 b/d from October, while Russia and eight other partners produced 13.86 million b/d, up 200,000 b/d, the survey found.
Oil companies must step up in energy transition or fail financially: US deputy energy secretary

Dec 7, 2021

Platts

"I don't think we're going to be successful unless major companies step up and are part of solution," Turk said.
EUROPE & AFRICA RESIDUAL AND MARINE FUEL: Key market indicators

Dec 6, 2021

Bunkerworld

Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region rose 13% to 1.273 million mt in the week to Dec. 1, Insights Global data showed.
Singapore bunker premium to Zhoushan rise to all-time high on tight supply

Dec 3, 2021

Platts Bunkerworld .

The downstream low sulfur marine fuel market in Singapore has been gaining ground on the back of a strengthening upstream market.
LSFO still leading shipping fuel in NWE, but LNG gaining ground: execs

Dec 2, 2021

Platts

While LNG is available, its very expensive and requires infrastructure, said Nikolaos Liapis, supply and operations director at Elinoil.
Policy makers must accelerate hydrogen rollout to meet net-zero goals: IEA

Nov 30, 2021

Platts

Under the IEA's net-zero scenario, hydrogen demand of around 90 million mt/year in 2020 would roughly double by 2030.
INTERVIEW: Hydrogen is 'massive' market opportunity for BP

Nov 26, 2021

Bunkerworld

"In a net-zero world, we can see clean hydrogen delivering about 16% or even more of the energy mix, which is about the same as natural gas in today's energy mix. So the opportunity is absolutely massive," Vice President for Hydrogen Market Development Sally Prickett said
Shanghai-Zhoushan delivered marine fuel 0.5%S spread at over 7-month low

Nov 25, 2021

Platts Bunkerworld .

Shipowners with impending bunker requirements at Zhoushan are undeterred by the flat price surge and had submitted inquiries, which lifted low sulfur fuel oil bunker demand, traders said Nov. 24.
UAE sees no need yet for OPEC+ to deviate from planned 400,000 b/d oil output increase

Nov 23, 2021

Platts

The OPEC+ alliance is scheduled to meet Dec. 2 to decide on January production levels, amid strong hints from the US, China, Japan and India that a coordinated crude release from their strategic petroleum reserves was imminent.
Vitol, ADNOC-backed VTTI acquires 90% of Fujairah terminal in expansion push

Nov 22, 2021

Platts

The transaction will "significantly expand" VTTI's position in the port of Fujairah, it said in the statement.
SINGAPORE DATA: Residue stocks dip 2% on week as exports, bunker demand rise

Nov 19, 2021

Bunkerworld

The volume of prompt inquiries for Singapore-delivered marine fuel 0.5%S remained robust in the week, lifting bunker premiums, traders said.
UAE's ADNOC, AD Ports to build new shipping facilities for TA'ZIZ chemicals projects

Nov 18, 2021

Platts

Three large-scale berths and associated infrastructure in addition to loading and unloading facilities will make up the foundation of the new port, ADNOC said.
ANALYSIS: COP26 offers small wins on coal, carbon trading but misses 1.5 degree target

Nov 17, 2021

Bunkerworld

Matthew Boyle, manager of Global Coal and Asia Power Analytics at Platts, said the implementation of a phase down of unabated coal power and inefficient fossil fuel subsidies allows both countries to maintain their current electricity plans.
OPEC to stay 'cautious,' with oil market surplus coming in December: Barkindo

Nov 16, 2021

Platts Bunkerworld .

"The surplus is already beginning in December," Barkindo told reporters on the sidelines of the ADIPEC conference, citing data from the US that has shown oil stocks building in the past few weeks.
Asia residual fuels: Key market indicators for Nov 15-19

Nov 15, 2021

Platts

Power companies in North Asia are expected to boost low sulfur fuel oil purchase in the near future to prepare for winter demand, which is also supporting the low sulfur fuel oil market.
Fujairah oil product stocks jump record 27% on week

Nov 11, 2021

Bunkerworld

Adding to signs of plentiful supplies, Bahrain Petroleum Co. issued a tender offering 40,000-60,000 mt of 10 ppm sulfur gasoil for loading from Sitra over Dec. 13-16, Platts previously reported.
Singapore Fujairah delivered 380 CST HSFO spread hits over 1 1/2 year low

Nov 5, 2021

Bunkerworld

The premiums of Singapore-delivered 380 CST HSFO against FOB Singapore 380 CST HSFO cargo assessments averaged $10.50/mt Nov. 1-3, down from October average of $17.57/mt, Platts data showed.
'Exceptional market' conditions in shipping to persist until Q1 2022, says Maersk

Nov 2, 2021

Platts

Bunker costs in Q3 2021 surged to $1.4 billion from $759 million in the same quarter last year.
Fujairah bunker sales seen hitting 2021 high in October as buyers got used to higher crude oil costs

Nov 1, 2021

Bunkerworld

Premiums of Fujairah-delivered marine fuel 0.5%S over FOB Singapore Marine Fuel 0.5%S cargo assessments surged to $22.72/mt on Oct. 27, the highest since March 24, Platts data showed. The premium was $20.63/mt on Nov. 1, the data also showed.
Renewable hydrogen 'cheaper than conventional hydrogen' by 2030: Australia CEFC executive

Oct 29, 2021

Platts Bunkerworld .

"The forecast we have is, within this decade, roundabout 2030, green hydrogen will be cheaper than blue hydrogen," Maloney said.