Total US commercial crude oil stocks fell 5.89 million barrels to 492.42 million barrels during the week ended April 9, EIA data showed.

**HSFO crack in backwardation from May until 2022 **Eastern, European markets already well-supplied

Crude oil throughput was down 18.7% at 55.8 million mt while oil products were down 7.3% at 37 million mt, the association said.

**Gibraltar bunker calls hit three-month highs **Algeciras bunker volumes up 18% on year

Baltic Stevedoring Company primarily handles container cargoes onto and from vessels and provides cargo storage and vessel mooring services. The company is part of the Novorossiisk Commercial Seaport Group (NMTP).

Thailand's April spot residual fuel exports are expected to touch 130,000 mt, up from the typical average of 60,000-70,000 mt/month, sources said.

**Regulatory frameworks still developing **Energy efficiency targets start to emerge

The Fujairah port may add a 10th oil berth to boost interconnectivity with the storage terminals.

The European fuel oil market will be eyeing supply and demand balances in the coming quarter, as the coronavirus continues to weigh on demand recovery, and leaves Europe to battle with rising COVID-19 cases alongside vaccine rollouts.

The strategically sited eastern UAE port of Fujairah is about to get a facelift as the primary delivery point for a new crude futures contract that could transform how the Middle East's oil is traded.

The ferries will ply across Lisbon's Tagus river and will enter into service between 2022 and 2024, ABB said.

Oil product trading and optimization results are expected to be "average and higher than the fourth quarter," Shell said.

The AmmoniaMot project will deliver the base for future, commercial, four-stroke engines, which will be key in legitimizing ammonia as a fuel, MAN said.

Company to pursue growth in bunkering and other sectors

MOL said it aims to revise its environmental vision in June, advancing its current target of achieving zero GHG emissions to 2050.

IMRB crucial step to decarbonization.

**License does not apply to 'future fuels' **No mass flow meters yet, decision in 2022

The government expects that the refund could lead to the construction of around 30 units in the next 6-10 years.

"Until such time green hydrogen processes are fully developed, blue hydrogen can supplement overall hydrogen supply," Malhotra said.

The phrase being "ammonia ready" is already gaining recognition globally, Brown said.