SulNOx, the green fueltech company backed by Idan Ofer and Contantine Logothetis, has secured an important patent for Eurasia in the significant fuel oil reclamation market.

The patent covers Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Turkmenistan.

The intellectual property protected

At the close of Week 33, the global bunker indices MABUX extended their downward movement. The 380 HSFO index dropped by USD 11.71 — from USD 468.61/MT a week earlier to USD 456.90/MT — nearing the USD 450 mark. The

Thailand's sustained economic expansion is powering a steady rise in electricity demand, and for now, that means continued reliance on natural gas and LNG. With coal remaining politically unviable and renewables progressing at a slower pace, gas is expected to

· Prompt LSMGO supplies tight in Istanbul
· Lead times of 8-10 days for all grades in Gibraltar
· Supplies expected to restart at Luanda anchorage this month

Northwest Europe

VLSFO, HSFO and LSMGO supply remains stable in the ARA bunkering hub,

Highlights

• Global oil demand is projected to increase by 680 kb/d in 2025 and 700 kb/d in 2026, to reach 104.4 mb/d. Despite weaker-than-expected demand in China, India and Brazil in recent months, annual growth of 600 kb/d

Machinery failure is one of the leading causes of accidents at sea, and a new study shows that smarter, real-time monitoring could significantly reduce the risk. According to From Data to Action, a report on the topic of high-frequency data

Oil Market Highlights

Crude Oil Price Movements

In July, the OPEC Reference Basket (ORB) value increased by $1.24 month-on-month (m-o-m), to average $70.97/b. The ICE Brent front-month contract dropped by 25¢, m-o-m, to average $69.55/b, and the NYMEX WTI front-month contract dropped

The carbon offsets market has experienced a significant slowdown since 2021, primarily due to scandals surrounding project quality and overstated impacts. Yet, with net-zero targets becoming non-negotiable for governments and corporates alike, demand is expected to rebound, driven by a

After decades of slow growth, natural gas consumption is picking up as it’s viewed as a dependable and affordable fuel for powering everything from automobiles to humanoids, biogenetics to AI data centers and semiconductor production.

The momentum comes mainly from Asia,

Clean

LR2

LR2 freight in the MEG continued to firm modestly this week. The TC1 75kt MEG/Japan index added 5.28 points to WS153.06. A TC20 90kt MEG/UK-Continent trip also ticked up over the $4 million mark to $4.16 million. West of Suez,