Marine Online - Middle East situation eases Fujairah stocks fall

Middle East situation eases Fujairah stocks fall

Report | Published Thursday, 16 January 2020 04:10

Singapore's very low sulfur fuel oil (VLSFO) price fell slightly by -2.00/mt to $672.00mt yesterday (15-Jan).

In the week of 13-Dec, Fujairah's inventory recorded 10.27Mbbl, -0.94w/w. The situation in the Middle East has eased, and Fujairah's fuel sales have rebounded. The crack spreads of HSFO in Singapore have fallen. Although the government has approved China's export tax rebate policy, it has not yet been officially implemented and has no actual impact on the market. In the short term, the situation of the VLSFO shortage will not change.

Disclaimer: MarineOnline would like to remind you that the data contained in this article is not necessarily real-time nor accurate. So prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore MarineOnline doesn`t bear any responsibility for any trading losses you might incur as a result of using this data or information.

Most Viewed

Related News

Read More