OPEC+ surprises with larger-than-expected supply hike
The oil market has had a volatile month due to developments in the Middle East. ICE Brent briefly traded above US$80/bbl following US strikes on Iranian nuclear facilities. The move, which followed Israeli strikes

North America

Bunker fuel demand has dropped in Houston this week, while availability has improved.

“Avails are honestly looking much better than in the past few weeks,” a source said.

Both VLSFO and HSFO can be delivered within lead times of 3-5 days,

OPEC+ goes with another large supply hike

Despite OPEC+ originally announcing three larger-than-expected supply hikes this year (the latest being a 411k b/d increase for July), which have essentially cemented the shift in the group's output policy, oil prices have held

At the end of the 28th week, the global bunker indices published by MABUX continued their moderate growth amid signs of relative market stabilization. The 380 HSFO index increased by USD 1.65, rising from USD 467.17/MT to USD 468.82/MT, although

The 2025 OPEC World Oil Outlook (WOO) was launched today at the 9th OPEC International Seminar. First published in 2007, and now in its 19th edition, the Organization’s flagship annual publication offers valuable insight on the medium- and long-term prospects

Northwest Europe

Lead times of 9-10 days are recommended for HSFO and LSMGO in the ARA, up from last week's 6-8 days and 5-6 days, respectively. VLSFO lead times have come down from 6-8 days to 5-6 days. Prompt supply is

The global economy has outperformed expectations so far in 1H25, with data indicating better-thanexpected growth in India, China and Brazil in 1Q25. In the US, underlying growth remained solid, while the Eurozone experienced a modest rebound from last year. This

Driven by tightening global regulations, emissions monitoring systems are emerging as a critical investment for shipowners and charterers, but operating in this changing landscape is not easy. This is precisely why futureproof, flexible and modular solutions are critical characteristics in

Singapore and Malaysia

VLSFO lead times in Singapore remain highly variable. Some suppliers are quoting as few as six days, while others recommend booking up to two weeks in advance due to long-term nominations—typically contract-based stems that take priority over spot

An early look at how the new sulphur limit is reshaping bunker demand, fuel availability and quality, and operational strategies across the Mediterranean.

Focus on the Mediterranean ECA

The Mediterranean Emission Control Area (Med ECA) came into force on 1 May 2025,