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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.
New climate funds could be announced during key discussions at COP26

Oct 28, 2021

Platts

A $1 billion philanthropy fund was among the significant funds likely to be announced at COP26, along with some others, Singh said, speaking to journalists on the sidelines of the 7th Asia LNG & Hydrogen Gas Markets Conference.
Fujairah oil product stocks dip amid plunge in middle distillates

Oct 27, 2021

Platts

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.
INTERVIEW: Shipping's decarbonization move set to hit HSFO demand

Oct 26, 2021

Bunkerworld

January-September sales of high sulfur bunker fuel, which includes 180 CST, 380 CST and 500 CST bunker fuel, at the world's largest bunkering port stood at about 9.4 million mt, up about 26% year on year.
Asia residual fuels: Key market indicators for Oct 25-29

Oct 25, 2021

Platts Bunkerworld .

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.
Oil market could end up in 'unpleasant situation' if output increased too much: UAE's Mazrouei

Oct 14, 2021

Platts

OPEC and allies are scheduled to meet next month to review plans to increase production any more than the already agreed, at 400,000 b/d.
Rotterdam FOGO bunker spread widens on heating demand

Oct 13, 2021

Bunkerworld

Rotterdam FOGO bunker spread widens on heating demand
ANALYSIS: Global oil in floating storage rangebound amid backwardation, congestion

Oct 12, 2021

Platts Bunkerworld .

Currently, the global oil market price structure is unsupportive to would-be stores of crude and condensate.
BUNKERWORLD: Bunker prices climb on mounting energy prices, supply disruptions

Oct 11, 2021

Platts

South Korea 380 CST HSFO bunker supply is expected to be tight in October as Hyundai Oilbank and SK Energy are running low on high sulfur supplies, market sources said in the week started Oct. 3.
Horisont Energi, Koole Terminals sign MOU on Rotterdam ammonia terminal and storage

Oct 8, 2021

Platts Bunkerworld .

The agreement will explore storage options for ammonia produced in Norway and shipped to Rotterdam, the company said.
FUJAIRAH DATA: Oil product stocks climb to 4-week high as heavy distillates jump 22%

Oct 7, 2021

Platts

Bunker sales were disrupted at Fujairah over the past week due to Cyclone Shaheen which struck Oman to the south of Fujairah on Oct. 3.
LNG seen having key role in energy transition despite record high prices

Oct 6, 2021

Platts

Stabilizing LNG supply and prices will be essential for global economic growth, Hosaka said at a conference.
INTERVIEW: Renewable hydrogen GO market hinges on demand growth: CertifHy

Oct 5, 2021

Bunkerworld

Green and low-carbon hydrogen guarantees of origin (GOs) are set to play an important role in fulfilling the EU's ambitious climate targets, but the slow start-up of renewable hydrogen production and uptake on the demand side is holding up the implementation of a European-wide certification system, Antti Kuronen, project manager of the CertifHy registry and issuing body, told S&P Global Platts.
OPEC+ committee recommends 400,000 b/d November crude production increase

Oct 4, 2021

Platts Bunkerworld .

The recommendation must be ratified unanimously by the 23-country OPEC+ coalition, which meets later in the day.
Nine convicted for mass flow meters-related bunker fuel tamper in Singapore

Sep 30, 2021

Platts Bunkerworld .

The Maritime and Port Authority of Singapore revoked the bunker craft operator and bunker supplier license of Southernpec (Singapore) Pte Ltd with effect from May 8, 2019 and May 29, 2019, respectively, a joint statement by the Attorney-General's Chamber, the MPA, and the Singapore Police Force said Sept. 30.
APPEC: LNG offers viable solution to tackle maritime decarbonization: AET CEO

Sep 29, 2021

Platts Bunkerworld .

In the past four years, AET has made strategic investments of $2 billion in new assets, of which about $1 billion was invested in LNG dual-fuel assets across its vessel segments, Rajalingam Subramaniam, president and CEO said.
APPEC: Future of oil bright but prices may dip to around $65-$70/b in 2022: BPCL executive

Sep 28, 2021

Platts

The world is in the midst of adverse climate conditions because of the overuse of fossil fuels, prompting the industry to turn its attention to high technological and capital intensive investment regimes related to renewable energy such as wind, solar power and even green hydrogen, he said.
Asia residual fuels: Key market indicators for Sept 27-Oct 1

Sep 27, 2021

Bunkerworld

Inquiries for October delivered marine fuel 0.5%S requirements have already started trickling in, while demand for September requirements has dried up, industry sources said during the week ended Sept. 25.
BUNKERWORLD INDEX: Surging gas supports prices, limits VLSFO blendstock

Sep 24, 2021

Platts Bunkerworld .

**Demand rising at Zoushan ahead of October holiday **LSFO demand from power sector limits European availability of VLSFO blendstock **Busy market at Panama, firming market in Argentina
Fujairah delivered marine fuel 0.5%S bunker differential sinks to over 9-month low

Sep 23, 2021

Platts Bunkerworld .

Industry sources attributed the sluggish spread between the very low and high sulfur fuel oil grades to firmer Fujairah-delivered 380 CST HSFO bunker values and weak demand for the International Maritime Organization-compliant bunker fuel which kept inventories oversupplied.
Regulatory uncertainty of European biofuel legislation bad for investment: panel

Sep 22, 2021

Platts

Another concern for the industry was the lack of definitive feedstocks in European legislation for advanced feedstocks, causing uncertainty in developing facilities in utilizing listed feedstocks.
GASTECH 2021: Bullish prices for suppliers could temper long-term LNG demand

Sep 21, 2021

Bunkerworld

"I think current prices, if they continue, they will be a burden on many countries and we will not see the demand side on the long-term be ready to take such prices," UAE energy minister Suhail al-Mazrouei told reporters on the sidelines of the conference.
ARA diesel, gasoil stocks fall 6.8% on week to 2.091 mil mt: Insights Global

Sep 17, 2021

Platts Bunkerworld .

In the gasoil market, overall heating oil demand remains subdued, with little expectation of a rebound in demand until October.
FEATURE: Methanol bunkers in the limelight after Maersk's latest ship orders

Sep 16, 2021

Platts

The Methanol Institute, in a recent report, urged the adoption of a well-to-wake approach in GHG accounting of fuels.
FUJAIRAH DATA: August bunker sales rise 2.5% on month, miss estimates

Sep 15, 2021

Platts

Bunker sales in August at the UAE's Port of Fujairah, the world's third largest bunkering hub, rose 2.5% on the month to over 700,000 cu m for the first time in 2021, according to Sept. 15 data from the Fujairah Oil Industry Zone provided exclusively to S&P Global Platts. But the sales still missed estimates, partly because a ship attack off the port in August temporarily disrupted traffic, traders said.
IEA sees global oil demand rebounding after COVID-hit Q3

Sep 14, 2021

Bunkerworld

With a surge in activity restrictions in a number of countries since July to curb rising COVID-19 infections, the IEA revised down its third-quarter global oil demand estimate by 200,000 b/d in its latest monthly oil markets report.
LNG bunkers promising option among many alternatives: industry experts

Sep 10, 2021

Platts Bunkerworld .

The LNG bunker market is poised for maturity, Keller said.
Oil prices to continue to fall as pandemic worries slow global oil demand growth: EIA

Sep 9, 2021

Platts Bunkerworld .

EIA also lowered by 240,000 b/d to 101.01 million b/d its global oil demand estimate for 2022.
FEATURE: Energy transition like oil needs strategic reserves

Sep 8, 2021

Platts

**Alumina ex-works China price hit near 3-year high after Guinea coup **Need to diversifying supplies of battery metals: Platts Analytics
Renewable hydrogen production growing faster than expected: electrolyzer producer

Sep 7, 2021

Platts

**240-MW plants to start in coming years: Cummins **$7-8/kg hydrogen at pump possible in California: Toyota
Asia residual fuels: Key market indicators for Sep 6-10

Sep 6, 2021

Platts Bunkerworld .

The north Asian bunker market is expected to see sufficient supply at most major ports, but bunker premiums are likely to stay firm in line with Singapore cargoes.
BUNKERWORLD INDEX: Prices climb on US hurricane, tightening HSFO

Sep 3, 2021

Bunkerworld

**HSFO supply tightens in Middle East **HSFO availability restrictions to linger in Med **Operations start to resume at New Orleans
Search for renewable methanol may mean more varied bunker locations: Maersk

Sep 2, 2021

Platts Bunkerworld .

**Sustainable methanol in ships seen twice as costly as fuel oil **Maersk wants $150/mt CO2e carbon levy **Platts to launch methanol bunker assessments
OPEC+ affirms plans to hike October crude oil production by 400,000 b/d: delegates

Sep 1, 2021

Platts

**Producer alliance counting on robust oil demand **Russia's Novak hopes for full market recovery in 2022
Hurricane Ida roils global shipping markets: sources

Aug 31, 2021

Bunkerworld

Schedules for cargoes loading in LNG tankers, clean tankers and dry bulk carriers have been delayed.
Producers shut in close to 90% of volumes; refiners close plants ahead of Cat 4 Hurricane Ida

Aug 30, 2021

Platts Bunkerworld .

Close to 4.4 million b/d of operating refinery capacity is in the path of Ida.
BUNKERWORLD INDEX: Falling crude stocks set the tone amid tightness in regional bunker markets

Aug 27, 2021

Platts Bunkerworld .

**South Korea bracing for reduced VLSFO supply **Weak EMEA demand but HSFO tightness in Med **Latin American bunkers buffeted by crude volatility
OIL FUTURES: Crude ticks lower on profit-taking; demand sentiment bullish

Aug 26, 2021

Bunkerworld

Analysts noted that US inventories have fallen, showing that the delta variant is having a minimal impact on oil demand.
FUJAIRAH DATA: Oil product stocks fall to 5-month low as fuel oils decline 11% on week

Aug 25, 2021

Platts

**Fuel oils demand usually picks up in summer for power generation **Bunker sales have also been strong
INTERVIEW: 2021 ushers in uneven global bunker demand recovery, decarbonization, says industry expert

Aug 24, 2021

Bunkerworld

**Global HSFO demand to likely wane in 2-3 years **Market-based measures warranted to expedite decarbonization
Asia residual fuels: Key market indicators for Aug 23-27

Aug 23, 2021

Platts Bunkerworld .

Tighter regional Marine Fuel 0.5% sulfur production in September is expected to support the South Korean delivered bunker prices.
Asia's thirst for HSFO remains unquenched amid thrust for cleaner fuels

Aug 20, 2021

Platts Bunkerworld .

**Sri Lanka, India ports ramp up HSFO supply **Scrubber technology crucial to meet 2030 milestone: Platts Analytics
Tightening MF 0.5%S supply in S Korea sees delivered spread from Singapore improve

Aug 19, 2021

Platts

October is also expected to see lesser marine fuel 0.5%S production from the country's biggest refiner, SK Energy.
Demand for bunker fuel in Bangladesh weakens amid high prices, bad weather

Aug 18, 2021

Bunkerworld

**Chittagong OPL bunker deliveries part suspended **Demand expected to rise in September
Decarbonization of offshore industry seen accelerating, but emissions likely persist for decades: panel

Aug 17, 2021

Platts Bunkerworld .

Offshore emissions currently account for about 21% of the 1,700 Mt of CO2 equivalent total global upstream emissions, and Wood Mac estimates they will grow about 8% out to 2027, Bowe said.
BUNKERWORLD INDEX: Prices up amid mixed outlooks for crude, regional marine markets

Aug 13, 2021

Platts Bunkerworld .

**VLSFO production at Zhoushan likely to grow **HSFO tightness in Med likely to linger until end of summer **Americas markets look to wider oil complex for direction
IEA warns oil demand recovery stalls as COVID-19 impact drags

Aug 12, 2021

Platts

**Global demand fell 120,000 b/d in July on setbacks in Asia **Lowers 2021 demand growth estimate, 'call' on OPEC
Sri Lanka's Colombo port sees first supply of delivered HSFO bunker fuel

Aug 11, 2021

Platts

The launch of barge deliveries of HSFO at the port on Aug. 6 was to meet demand from scrubber-fitted vessels.
Rotterdam Hi-5 fuel oil spread hits three-month low

Aug 10, 2021

Bunkerworld

**HSFO resists bearish fundamentals in crude complex **HSFO tightness in the Mediterranean pushes prices up
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week

Aug 9, 2021

Platts Bunkerworld .

Demand for 0.5% marine fuel in bunker markets was down on the week ending August 6 in EMEA ports. This is expected to carry over into the rest of August due to the current Summer holiday season.
SINGAPORE DATA: Residue stocks fall to over 4-month low on firm bunker demand

Aug 6, 2021

Platts

**Bunker demand firms up amid a drop in crude oil prices **Fuel oil imports rise 24.6% on week to 854,467 mt
Singapore's MPA, SMI co-fund electric harbor craft pilot program for cleaner shipping

Aug 5, 2021

Platts

**1,600 harbor crafts planned to run on low-carbon fuels in Singapore waters: Minister **MPA, SMI award funding to three joint industry-research consortiums
China to submit climate pledges before COP26 summit: Special Envoy

Aug 4, 2021

Bunkerworld

**NDCs to include carbon peaking by 2030 and net zero by 2060 **China backs flexible climate goals instead of 1.5 degree hard target
India pushes back on calls to set net-zero target ahead of COP26

Aug 3, 2021

Platts Bunkerworld .

**Says against shifting goalposts, but calls for G20 action **Calls for delivery of pledged $100 billion climate fund
SINGAPORE DATA: Residue stocks fall to 22.90 mil barrels as fuel oil imports plunge

Jul 30, 2021

Bunkerworld

Ahead of an anticipated fall in incoming volumes of low sulfur fuel oil from the Americas into Singapore in August, cargo imports fell 72% to 106,802 mt, mostly due to a 38.80% decline in cargo from Brazil to 63,872 mt, and a 100% fall in volumes from Mexico.
European HSFO backwardation hits 21-month high

Jul 29, 2021

Platts Bunkerworld .

High sulfur straight run can feed into the HSFO pool, as it can be used as both a bunkering and a heating fuel. Strength in the HSSR market is often an indicator of strength in the high sulfur fuel oil market.
FUJAIRAH DATA: Oil product stocks fall to 2-month low as diesel exports rise

Jul 28, 2021

Platts

The stocks of middle distillates, including jet fuel, diesel and gasoil, fell 21% on the week to 2.66 million barrels, the biggest weekly drop since March 2020 and the lowest since April 2020.
Fujairah bunker sales seen capped on shortage of barges to meet surging demand

Jul 27, 2021

Bunkerworld

This market has been on considerable rebound as of late, a Fujairah-based bunker supplier said.
Asia residual fuels: Key market indicators for July 26-30

Jul 26, 2021

Platts Bunkerworld .

Tightening supplies of the upstream Singapore marine fuel 0.5%S cargo coupled with healthy demand for the downstream end user bunker grade has bolstered market optimism.
SINGAPORE DATA: Residue stocks hit 6-week high as fuel oil imports surge

Jul 23, 2021

Bunkerworld

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 June bunker fuel sales gain on soaring HSFO demand

Jul 22, 2021

Platts Bunkerworld .

**June HSFO sales rise 31.9% on month **Favorable Hi-5 spread supports scrubber adoption **Singapore LSFO market faces stiff competition from Zhoushan
Asia residual fuels: Key market indicators for July 19-23

Jul 19, 2021

Platts

In Asia, rising demand for fuel oil from Pakistan in August and September has seen higher premiums for spot HSFO cargoes loading over late-July, which are typically used for blending.
BUNKERWORLD INDEX: OPEC concerns outweigh bullish signals in bunker markets

Jul 16, 2021

Platts

**Tighter VLSFO supply at Singapore **Bad weather in Med to hamper HSFO availability **Panama market cools down after recent price rises
OPEC sees tight oil market through end-2021, solid demand growth for 2022

Jul 15, 2021

Platts Bunkerworld .

Organization for Economic Cooperation and Development oil stocks were 21.7 million barrels below the 2015-2019 average that OPEC+ has said it is targeting, according to OPEC report.
Maritime industry seeks more clarity on enforcement of 0.5% sulfur limit

Jul 14, 2021

Platts

The document seeks clarity on a number of issues including on what basis authorities can determine non-compliance with MARPOL sulfur limit.
Singapore's VLSFO-HSFO spread widens to 5-month high on firm fundamentals

Jul 13, 2021

Bunkerworld

"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.
SINGAPORE DATA: Residue stocks fall to over 3-month low on firm demand, low imports

Jul 9, 2021

Platts

**Bunker demand firms up to better-than-average level **Fuel oil imports decline 1.3% on week to 967,590 mt
OPEC+ hikes June output by 540,000 b/d amid higher demand for crude

Jul 8, 2021

Bunkerworld

**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, 2021

Bunkerworld

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.