Bunker fuel prices for very low-sulphur fuel oil (VLSFO) at China’s largest bunker port of Zhoushan have lagged crude gains so far in 2021 because of rising domestic refinery supplies, which is increasing competition for market share as supply outpaces demand, says an article published in argusmedia.
Ice Brent Crude SettlementZhoushan’s VLSFO bunker prices rose by 19pc during 4 January to 18 February to around $508/t, with the front-month Ice Brent crude settlement rising by 25pc to nearly...