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ICS: Support for a Levy-Based GHG Pricing Mechanism Grows Ahead of the UN IMO Intersessional Working Group

15/02/2025

Ahead of next week’s critical International Maritime Organization (IMO) GHG working group meeting (ISWG-GHG 18) to further develop MARPOL Convention text to decarbonise shipping by 2050, the Secretary General of the International Chamber of Shipping Guy Platten said:

“We are encouraged

Americas Fuel Availability Outlook

15/02/2025

North America

Bunker fuel demand is good in Houston, and availability across all fuel grades is currently tight for prompt delivery dates. High wind gusts and an Arctic Front has caused major delays to bunker operations in the port.

Earlier this week,

MABUX: Bunker Prices Expected to Keep Rising Next Week

14/02/2025

During Week 07, the MABUX global bunker indices saw moderate growth. The 380 HSFO index increased by 1.73 USD, rising from 528.95 USD/MT last week to 530.68 USD/MT. The VLSFO index climbed by 3.26 USD, reaching 621.61 USD/MT from 618.35

Asia drives 2025 oil demand growth as cuts and sanctions reduce supply surplus

14/02/2025

Global oil demand growth is projected to average 1.1 mb/d in 2025, up from 870 kb/d in 2024. China will marginally remain the largest source of growth, even as the pace of its expansion is a fraction of recent trends

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

13/02/2025

Northwest Europe

HSFO and VLSFO remain tight for prompt deliveries in the ARA hub. Lead times for both grades are 5-7 days, unchanged from last week. LSMGO availability is comparatively better, requiring lead times of 3-5 days.

The ARA's independently held fuel

OPEC Leaves 2025 Oil Demand Growth Estimate Unchanged

13/02/2025

Crude Oil Price Movements

In January, the OPEC Reference Basket (ORB) increased by $6.31, or 8.6%, m-o-m, to average $79.38/b. The ICE Brent front-month contract rose $5.22, or 7.1%, to average $78.35/b, while the NYMEX WTI front-month contract gained $5.40, or

ENGINE: East of Suez Bunker Fuel Availability Outlook

12/02/2025

Singapore and Malaysia

Bunker demand in Singapore has been sluggish so far this week, according to a source. Most suppliers recommend lead times of 5–9 days for VLSFO, nearly unchanged from last week. HSFO lead times have dropped from around 13

China’s Crude Oil Imports Decreased From A Record As Refinery Activity Slowed

12/02/2025

Slower oil demand growth in 2024 led to less crude oil processed by China's refineries and fewer crude oil imports compared with the record high set in 2023. China, the world's largest importer of crude oil, received 11.1 million barrels

IBIA leads change in the rules for the carriage of biofuels by bunker vessels

11/02/2025

In November 2023 IBIA submitted a document to IMO on the carriage of biofuels for supply to a ship for use as fuel oil on board that ship. This highlighted that as conventional bunker vessels were limited in carrying fuel

US oil tariffs on Canada and Mexico would significantly impact North American crude flows

11/02/2025

US oil tariffs on Canada and Mexico would initiate a significant shift in crude flows in North America as higher prices would push a portion of US imports into overseas markets, according to a recent report from Wood Mackenzie.

According to

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