Northwest Europe

Bunker fuel availability has improved slightly compared to the past few weeks in Rotterdam and in the wider ARA hub, a trader told ENGINE. But securing prompt stems remains a challenge with lead times unchanged at 5–7 days for

Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition to cleaner and more secure technologies, according to the IEA’s

Singapore and Malaysia

VLSFO availability in Singapore remains tight amid strong bunker demand, with recommended lead times of 10-13 days, consistent with last week. Prompt HSFO supply is also strained, with lead times of 10-12 days advised.

In contrast, LSMGO is more

Highlights

• World oil demand is on track to expand by just shy of 900 kb/d in 2024 and close to 1 mb/d in 2025, marking a sharp slowdown on the roughly 2 mb/d seen over the 2022-2023 post-pandemic period. China underpins

In early October, the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 82) set a clear pathway for future black carbon regulation, when the committee agreed that the concept of “polar fuels” would be further considered at a technical

Crude Oil Price Movements
In September, the OPEC Reference Basket (ORB) value declined by $4.82/b, or 6.1%, m-o-m, to average $73.59/b. The ICE Brent’s front-month contract fell by $6.01, or 7.6%, m-o-m, to average $72.87/b. The NYMEX WTI front-month contract dropped

The geopolitical risk premium priced into crude oil markets, which has been relatively subdued for the most part this year, has expanded to yield a USD5-10/bbl variation in crude oil prices from USD3-5/bbl, due to the increased risk of a

The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.

Chokepoints are narrow channels along widely

Clean
LR2
LR’s in the MEG held steadfast this week. TC1 plateaued at WS115 where it has been for several days, and for a run west on TC20 the index dipped $80,000 to just below $4.1m.
West of Suez, Mediterranean/East LR2’s on TC15

Lloyd’s Register has released its Fuel Quality Report 2024, offering vital insights into the evolving landscape of marine fuel quality and its implications for the maritime industry.

Ongoing concerns around fuel quality continue to be a critical factor and significant expense