During the 50th week, the MABUX global bunker indices showed a moderate decline. The 380 HSFO index fell by USD 4.76: from USD 515.07/MT last week to USD 510.31/MT, gradually approaching the USD 500.00 mark. The VLSFO index decreased by

Highlights

• World oil demand growth is set to accelerate from 840 kb/d in 2024 to 1.1 mb/d next year, lifting consumption to 103.9 mb/d in 2025. Increases in both years will be dominated by petrochemical feedstocks, while demand for transport fuels

Northwest Europe

HSFO supply is a bit tight for prompt delivery in Rotterdam and in the rest of the ARA, with lead times of 5-7 days recommended for the grade. VLSFO and LSMGO availability continues to be normal with lead times

Crude Oil Price Movements

In November, the OPEC Reference Basket (ORB) value dropped by $1.47, or 2.0%, month-on-month (m-o-m), to average $72.98/b. The ICE Brent front-month contract dropped by $1.98, or 2.6%, m-o-m, to average $73.40/b, while NYMEX WTI dropped by

The maritime industry is at a pivotal moment in its decarbonisation journey. Over the past decade, the sector has transitioned from focusing solely on air pollutants like sulphur oxides to adopting comprehensive strategies for reducing greenhouse gas emissions. This evolution

Singapore and Malaysia

VLSFO availability in Singapore has improved, with lead times dropping from 10 days last week to about seven days now. In contrast, HSFO availability has tightened, as several suppliers have limited stock available, with recommended lead times increasing

Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection and certification (TIC), today announced the classification of three new LNG bunker vessels, including one 18,600 m3 vessel for Ibaizabal at Hudong Zhonghua and two 18,000 m3 vessels

MAN Energy Solutions has announced the successful retrofit of the main engine of the ‘Maersk Halifax' to a dual-fuel MAN B&W ME-LGIM unit. MAN PrimeServ, MAN Energy Solutions' after-sales division, carried out the work, the first such project globally involving

Clean
LR2

Following last week’s improvements, LR’s in the MEG stalled and lost steam this week. TC1 75kt MEG/Japan eased down 8.56 points to WS111.72 and a trip westerly on TC20 90kt MEG/UK-Continent the index held stable around the $3.4m mark.