Fuel oil volumes traded in the Platts Market on Close assessment process for 3.5% FOB Rotterdam barges declined 25% month on month in September, reports S&P Global Platts.
This comes at the juncture as the market gears up for the switch to 0.5% sulfur marine fuels at the start of January.
Drop in 3.5% RMG fuelSome 412,000 mt of 3.5% RMG 380 CST fuel oil traded in the Platts MOC in September, below the year-to-date monthly average of about 471,000 mt, and well below August’s 546,000 mt and July’s...
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