Singapore's commercial onshore residue stocks edged 7.13% lower week on week to 25.751 million barrels, or 4.06 million mt, in the week to Dec. 2 amid a 27% surge in fuel oil imports, Enterprise Singapore data showed Dec. 3.

Mediterranean 0.1% gasoil cargoes have climbed to their highest premium to their Northwest Europe counterpart due to tight supply in the region from low refinery run rates and a lack of Black Sea exports, sources said.

The little-known Texas GulfLink project led by upstart Sentinel Midstream arguably took the lead in the now-stalled race to build offshore crude exporting terminals in Texas after becoming the first such project to receive a draft environmental impact statement from the federal government.

Global marine fuel 0.5%S markets saw increased prices and premiums to crude in November, and though the global economic recovery has helped, some concerns remain about whether an increase in run rates among refiners in coming months, causing another supply overhang.

Oil prices settled higher Dec. 4 as optimism surrounding US federal stimulus negotiations and a weaker dollar offset pandemic-driven demand concerns.

US Gulf Coast No. 2 gasoil fell Dec. 4 to its lowest level in more than two months, pressured by little demand to ship up Colonial Pipeline.

The Panama Canal Authority may add additional reserved LNG transit slots in the future to address the increase in US exports via the shortest route from the Gulf Coast to the key East Asia import market, the agency said Dec. 4.

**Almost half of dry bulk new builds fitted with scrubbers in 2020: BIMCO **Payback time for scrubbers has widened to 4-6 years **Scorpio Bulkers selling assets after unsuccessful scrubber foray