Peak Summer Middle East HSFO Demand Propels Spot Online Trading in Singapore
Thomas Cho - IHS Markit
July 22, 2020
Who was cited:
Daryl Tan, Consultant
A surge in high sulfur fuel oil (HSFO) demand for seasonal summer power generation in the Middle East may have led to a seven-fold increase in online transactions of mostly 380 CST HSFO in Singapore, said market participants.