MARINE FUEL 0.5% WRAP: High transportation costs limit Europe-Asia arbitrage; USAC VLSFO prices rise

Asia The Asian low sulfur fuel oil market, which garnered some lukewarm upsides in January, is expected to stay relatively rangebound, if not gather potential downsides, in February, as ample near-term arbitrage volumes flowing into the region offset seasonally firm downstream bunkering activity. In Singapore, the world’s largest bunkering hub, refueling demand typically picks up ahead of theAsia The Asian low sulfur fuel oil market, which garnered some lukewarm upsides in January, is expected to stay relatively rangebound, if not gather potential downsides, in February, as ample near-term arbitrage volumes flowing into the region offset seasonally firm downstream bunkering activity. In Singapore, the world’s largest bunkering hub, refueling demand typically picks up ahead of theRead More