According to a Reuters report, the global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.
What is it?Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter as China and Brazil increase production, according to consultancy Energy Aspects.
This comes as inventories across key marine refueling hubs recently...
https://mfame.guru/depressed-vlsfo-fueled-by-blank-sailings-leading-to-tough-q3-market/