The growing attraction of 0.5% sulfur fuel oil production is causing refiners to reduce run rates at fluid catalytic cracking units, one refiner said.

The International Energy Agency published its latest World Energy Outlook on Wednesday, containing closely-watched, long-term forecasts for energy supply and demand to 2040.

Crude futures settled higher Wednesday bolstered by projections of economic expansion in the US and slowing output growth.

An influx of cargoes of residual fuel oil in the Black Sea and Mediterranean markets coupled with a tight tonnage list have led freight rates for Handysize tankers to a 10-month high, according to S&P Global Platts data.

Bunker supplier Bunker Partner has started supplying 0.5% sulfur fuel oil for bunkers at a clutch of Russian Far Eastern locations, the company said on its website.

Portugal's Galp will start supplying its own blend of 0.5% marine fuel from November 15 at all mainland Portuguese ports, the company said in a statement Tuesday. Supply of 0.5% bunker fu

Crude futures settled slightly lower Tuesday following a largely rangebound session, as market participants awaited developments from the US-China trade negotiations.