ARA fuel oil stocks rise 4.6% on week after 16-month lows: Insights GlobalDemand has ticked up a bit into Western Africa and other places for HSFO, one trader said.
European HSFO backwardation hits 21-month highHigh 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.
China's crude throughput to fall in July on independent refiner cuts, quota limitsMost PetroChina refineries are located in northeast and northwest China neighboring oil blocks, which are also relatively less developed compared with centers in southern and eastern China.
Fujairah bunker sales seen capped on shortage of barges to meet surging demandThis market has been on considerable rebound as of late, a Fujairah-based bunker supplier said.
Asia residual fuels: Key market indicators for July 26-30Tightening 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.