North America

Bunker fuel demand has improved over the week in Houston, and availability is good across all three fuel grades at the port.

“We can offer HSFO at $428-429/mt and LSMGO at $681-695/mt, under a week. VLSFO availability also good,” a

In fall 2023, Iran-backed Houthi rebels from Yemen began attacking commercial ships in the Red Sea — one of the world's most vital arteries for trade. Linking the Indian Ocean to the Suez Canal and the Mediterranean, this narrow stretch

At the end of Week 29, the global bunker indices tracked by MABUX showed a moderate decline across all segments. The 380 HSFO index decreased by USD 1.55, moving from USD 470.18/MT the previous week to USD 468.63/MT, continuing to

Anemoi Marine Technologies, a leader in wind-assisted propulsion technology, has developed an in-service performance verification process that reduces cost and complexity for operators while improving accuracy compared to existing practices. The new methodology aims to enable greater uptake of the

Access to clean maritime fuels is a top priority for the decarbonisation of the shipping sector. The Draghi report on the “Future of European Competitiveness” identifies shipping as one of the most difficult sectors to decarbonise, requiring around €40 billion

Northwest Europe

Prompt supply remains strained in the ARA hub, a trader told ENGINE. Lead times for HSFO and LSMGO are 9-10 days, while VLSFO requires around 5-6 days.

The ARA's independently held fuel oil stocks have declined by 7% in July

Europe's ports are failing to tackle toxic air pollution, a new study looking at major European ports shows. The study carried out by DNV, on behalf of T&E, shows that to date just 20% of the EU's required electric shore

Crude Oil Price Movements

In June, the OPEC Reference Basket (ORB) value increased by $6.11 month-on-month (m-o-m), to average $69.73/b. The ICE Brent front-month contract increased by $5.79, m-o-m, to average $69.80/b, while the NYMEX WTI front-month contract increased by $6.39,

Highlights

• World oil demand growth is forecast to increase by 700 kb/d in 2025, its lowest rate since 2009, with the exception of the 2020 Covid year. Annual growth eased from 1.1 mb/d in 1Q25 to just 550 kb/d in 2Q25,

Clean

LR2

LR2 freight in the MEG this week ticked down modestly. The TC1 75kt MEG/Japan index dropped 8.61 points to WS110.83. A TC20 90kt MEG/UK-Continent trip also went from $3.57 million to $3.41 million. West of Suez, Mediterranean/East LR2’s held relatively