Bunkerworld Insights

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Insights

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.
Asia residual fuels: Key market indicators for July 5-9

Jul 5, 2021

Platts Bunkerworld .

The marine fuel 0.5%S cash differential surged to 82 cents/mt on July 1, the highest since April 28, S&P Global Platts data showed, before it edged down to 67 cents/mt on July 2.
FEATURE: Singapore weak barging spreads dampen time charter market for bunker tankers

Jul 2, 2021

Platts Bunkerworld .

Ample availability of barges plying the delivered bunkers trade in Singapore stiffens price competition too, another bunker supplier said. Data by the Maritime and Port Authority, or MPA, of Singapore showed a registry of 210 bunker barges as of March 2021, slightly down from the 215 registered barges reported in July 2020.
FEATURE: Singapore's bunkering operations pose some hurdles but MFMs a bright streak

Jul 1, 2021

Platts

Maritime industry players in Singapore are keeping a close watch on bunker fuel quantity disputes, as a slew of pandemic-related restrictions including contactless bunkering potentially reduces the scope for checks on bunker tankers and tough markets may tempt some unscrupulous players to benefit from the situation.
Aramco Trading Company begins bunkering operations at Yanbu Port

Jun 29, 2021

Bunkerworld

Aramco Trading Company, or ATC, has begun bunkering operations at Saudi Arabia Yanbu Industrial Port, the company said in a June 29 statement.
Asia residual fuels: Key market indicators for June 28-July 2

Jun 28, 2021

Platts Bunkerworld .

In the high sulfur fuel oil market, after the initial purchases of straight-run fuel oil, at least two of Shandong's independent refiners have expressed an interest in seeking high sulfur SRFO barrels on a more regular basis to avoid refinery run cuts in the short-term.
TFG Marine to offer biofuel bunker blends in ARA

Jun 24, 2021

Bunkerworld

Biofuels blends are gaining increased attention as the shipping industry looks towards more stringent environmental regulations in 2030 and 2050.
Singapore July-August gasoil timespread tumbles to 5-week low on demand concerns

Jun 22, 2021

Platts

Traders said regional supply may be hit by a reduction in Chinese refinery exports and smaller Chinese export quota for key oil products in H2, 2021.
Hapag-Lloyd orders six container vessels with midterm climate goals in sight

Jun 22, 2021

Platts Bunkerworld .

**LNG a cost-competitive fuel **Suitable for midterm climate objectives **Container freight rates 469% higher on year
China's latest round of import quotas likely to prompt caution in H2 crude buying

Jun 22, 2021

Bunkerworld

China's second batch of crude import quota allocations has created uncertainty over the total volume that qualified independent refineries will be allowed to import for the full calendar year 2021, which is likely to make them cautious in their procurement activities in the coming months, according to market sources.
Asia residual fuel market: Key market indicators this week

Jun 21, 2021

Bunkerworld

While the bunker demand for marine fuel 0.5%S in the Asia-Pacific market remains lukewarm overall, the lifting of 14-day mandatory quarantine for crews on vessels at Hong Kong for bunkers-only calls is expected to raise demand marginally in the port city.
BUNKERWORLD INDEX: Prices firm but choppy waters ahead from crude, regional markets

Jun 18, 2021

Platts Bunkerworld .

**Singapore on track to supply 900,000 mt of 3.5%S FO in June **European markets likely to remain well supplied **Tight supply, weak demand seen in Latin America
FEATURE: Singapore bunker market volumes remain resilient despite hurdles

Jun 17, 2021

Platts

**Steady stream of inquiries' in June **Barging spreads under some pressure
Commodity traders eye growing oil, gas asset opportunities but rising ESG scrutiny

Jun 16, 2021

Platts

**Oil majors are accelerating asset sales in pivot to clean energy **Gunvor flags rising pressure from lenders over ESG metrics
Peninsula renews credit facility amid increasing financial scrutiny of bunker sector

Jun 15, 2021

Bunkerworld

**Recent credit events in bunker sector **Decarbonization may present further credit challenges
BUNKERWORLD INDEX: Prices waver amid mixed market dynamics and crude bearishness

Jun 11, 2021

Platts Bunkerworld .

**Tightening of 3.5%S FO at Fujairah **Supply overhang in the Mediterranean **Congestion leads to limited prompt availability at Montreal
Shell to step up climate effort but still provide oil and gas, appeal Dutch ruling: CEO

Jun 10, 2021

Platts

Ben van Beurden said he felt Shell was unfairly singled out by the May 26 ruling of a district court in the Hague
Container shipping grapples with China ports operational delays

Jun 9, 2021

Platts

**Yantian, Shekou, Nansha ports face disruptions **Maersk, Hapag Lloyd, MSC ships omitting Yantian port
SHIPPING: Carbon tax proposals ahead of IMO meeting make owners jittery

Jun 8, 2021

Bunkerworld

**Maersk CEO's tax proposal fails to cut much ice **Concerns over green fuels' supply
China independent refineries rush to buy straight-run fuel oil as crude quotas to fall short

Jun 7, 2021

Platts Bunkerworld .

**Four refineries take cargoes for Jun/Jul delivery **Using fuel oil lifts cost by $31/mt
BUNKERWORLD INDEX: Prices climb as firming crude sets trajectory amid varying regional bunker sentiment

Jun 4, 2021

Platts Bunkerworld .

**Excess supply at Singapore weighing on prices **Delays loading 3.5%S FO at Algeciras expected to ease **Argentine agricultural exports supporting demand
Shipping group BIMCO prepares new charter party clauses for carbon compliance

Jun 3, 2021

Platts

**BIMCO study highlights commercial, contractual challenges **Cost sharing to be focus of BIMCO clauses
China independent refineries struggle for fuel oil amid tight supply, high prices

Jun 2, 2021

Platts

**New tax on bitumen blend makes fuel oil attractive **Straight run fuel oil supplies fall **Less competitive with crude
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week

Jun 1, 2021

Bunkerworld

Healthy gasoline and diesel margins incentivized increased VLSFO production from Mediterranean refiners.
S Korea VLSFO production in Q3 set to rise as refiners seek outlets for LCO

May 31, 2021

Platts Bunkerworld .

"China was a huge market for us, but now we're going to have to accommodate the extra LCO we will no longer be able to export," a refiner source said.
South Korea bunker supply tightens as SK Energy cuts production in May: sources

May 28, 2021

Platts Bunkerworld .

Some ships went to China, where 0.5%S bunker prices were lower. Also, when the ships route included both Japan and South Korea, the preference has been for bunker fuel from Japan due to lower prices, market sources said.
FEATURE: Bunker industry says unpredictable compliant fuel hampering hedging

May 27, 2021

Platts

**Liquidity in 0.5%S fuel oil paper market slowly gaining traction **Variability in 0.5%S fuel oil blendstock makes hedging difficult
Sri Lanka Hambantota port to set up marine fuel testing lab

May 26, 2021

Bunkerworld

In a virtual ceremony, HIP signed a 10-year partnership agreement with Intertek Lanka. Intertek lab will provide assurance, testing, inspection and certification services.
Oman's Sohar port unaffected by nearby protests over job cuts: traders

May 25, 2021

Platts Bunkerworld .

**Duqm bunkering seen ready in 3 months **Sohar port 2020 throughput at 62.5 mil mt **Job protests rare in Oman
Asia residual fuel market: Key market indicators this week

May 24, 2021

Platts

June arrivals of low sulfur fuel oil are expected to be higher than May and add to current levels in storage.
BUNKERWORLD INDEX: Prices fall amid pockets of weak demand, prospects of Iran deal

May 21, 2021

Platts Bunkerworld .

**Zoushan suppliers close to May sales targets, focus on margins expected **European demand expected to remain stable **Weak demand expected at USGC
India shipping operations run into disarray as cyclone makes landfall

May 18, 2021

Bunkerworld

Port operations delayed by few days with crude, coal imports likely to be hit
Asia residual fuel: Key market indicators this week

May 17, 2021

Platts

The Asian high sulfur fuel oil market was witnessing contrasts, with indications of noticeable demand for power generation from the Middle East and falling demand in Sri Lanka.
SINGAPORE DATA: April bunker sales rise 3.5% on year, up 1.4% from March

May 14, 2021

Bunkerworld

The overall rise in bunker sales was driven by a jump in high sulfur bunker fuel sales, the data showed.
INTERVIEW: Torm banks on long-term strength of large oil product tankers

May 13, 2021

Platts

**Shift in refinery capacity to lead to higher ton-mile demand **No single fuel will fit the bill on road to decarbonization
China's tepid ESPO crude demand puts Aframax rates under pressure, but USWC fixtures support

May 12, 2021

Bunkerworld

Presently, Aframaxes are barely earning $2,500-$4,000/day on some of the key routes in the East of Suez, sources said.
OPEC+ crude oil production rises in April, on surges from Iran, Russia: Platts survey

May 11, 2021

Platts

The rising output is a preview of the wave of OPEC+ crude set to hit the market over the next few months.