THE International Energy Agency’s (IEA) March report indicates a rise in demand for bunker fuel, the primary fuel for ships, due to disruptions caused by Houthi attacks on cargo vessels, reports New York’s FreightWaves. This, coupled with robust demand growth from the US has prompted the agency to revise its supply/demand estimate for 2024, foreseeing nearly 120,000 more barrels per day in demand compared to its previous forecast just a month ago. Previously, in February, the IEA had...
https://www.seanews.com.tr/red-sea-shipping-diversions-start-to-boost-bunker-demand/199905/