ENGINE: Europe & Africa Bunker Fuel Availability Outlook
HSFO supplies are tightening in several Mediterranean and South African ports this week, while rough weather has disrupted bunkering in the Gibraltar Strait again. ARA’s independent fuel oil stocks were slightly lower last week, but are still far above their five-year average. The stocks remain high despite a recent pull for cargoes from the east. Fuel oil has been particularly tight in Singapore in recent months and viable arbitrage economics have attracted Russian and European fuel oil producers to export increasing volumes for March delivery to Singapore. Lead times for ...
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