- Bunker demand lean; supply adequate
- Downstream margins crunch
- Regional competition pressures market
Lackluster downstream low sulfur fuel oil demand in Singapore — the world’s largest bunkering hub — has persistently pressured delivered premiums amid competition, but is likely to stiffen in the near term, gradually narrowing suppliers’ margins, reports Platts.
Despite the bleak downstream outlook for the rest of March, traders anticipate that stronger demand in April could lift Singapore’s...
https://mfame.guru/singapore-lsfo-premiums-capped-competition-to-intensify/