Outage reduced availability of US supplies of power plant, home heating fuel to global markets.

Oil futures came under pressure amid a continued rally in the dollar.

Traders said that the active replenishing of barge cargoes out of terminals over the past week was likely to have reduced residual stocks in Singapore, though low sulfur fuel oil inventories remain ample.

Supply concerns in the US Gulf of Mexico are easing as oil production facilities resume operations after Hurricane Ida led to 90% of the USGC oil production being shut-in.

In the gasoil market, overall heating oil demand remains subdued, with little expectation of a rebound in demand until October.

"The monsoon season will end and asphalt demand for road construction will restart. Then domestic demand [demand for heavy distillates] increases," a source at the refinery said.

The city-port has already launched a Maritime GreenFuture Fund to create ecosystems for trials and test-bedding of low-carbon technologies, and has recently also established a Global Centre for Maritime Decarbonization.

Industry sources that Platts spoke with expect barging schedules at the two ports to tighten in the near term as the ports are congested in the run up to China's National Day holidays over Oct. 1-7.

BIMCO is world's largest international shipping assocation with 2,100 members in over 120 countries.

Limited supply of 3.5%S fuel oil at Malta is expected to last into the coming week, while similar availability constraints for the product in Northwest Europe should ease.

Shipowners upped their RMK requirements in lieu of RMG, a bunker supplier said.

The Asian gasoil market continued to surge Sept. 16 on supply factors.

The weakness in the premium was attributed to dull demand from shipowners due to rising flat price at Hong Kong, market sources said.

"Crude prices slumped as US offshore production gradually returns and after a strong dollar sent commodity prices broadly lower," said Moya.

Overnight price rally slowed in early US trading as US dollar climbed.

Abu Dhabi and long-time oil concession holder BP plan to develop billions of dollars in clean-energy projects in both the UAE and the UK, with three agreements announced Sept. 16 for investments in hydrogen, sustainable aviation and carbon capture, among other technologies.

Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region were down marginally by 0.5% week on week to 1.125 million mt in the week ended Sept. 16, according to data from Insights Global, after dropping 4.5% during the previous week.

LSFO commonly sees increased demand as a power generation source in Mediterranean countries like Greece and Lebanon.

The first production would feed the Essar refinery at Stanlow, and a small number of local consumers, HyNet said. Essar currently produces 100 mt/d of hydrogen from fossil fuel sources at the plant, Essar Chief Operating Officer Jon Barden said.

MSC has agreed to charter 11 new 15,300 twenty-foot equivalent unit LNG dual-fueled newbuild container ships from Eastern Shipping, a source close to MSC said in May.