Europe has seen an ongoing dearth of marine fuel supply due to the outage of the hydrocracker at the 220,000 b/d Sines refinery.

Oil companies operating in Brazil shipped 43.612 million barrels in October.

OPEC, Russia-led allies to proceed with production increase for January.

While LNG is available, its very expensive and requires infrastructure, said Nikolaos Liapis, supply and operations director at Elinoil.

Despite the supply tightness in Singapore, Hong Kong marine fuel 0.5%S market is well supplied, industry sources said.

Supply in the H1 December market market is tight, which saw the cash differential to the Mean of Platts Singapore marine fuel 0.5% assessment rise to $22.13/mt Dec. 1, Platts data showed.

Supply at Zhoushan, China's largest bunkering port, is sufficient to meet demand, bunker suppliers said.

Safe and efficient bunkering operation was performed by the barge LNG London at the Rotterdam Short Sea Terminals.