Latest Analysis /
Short-term Global Oil Service
Residual Fuel Oil Report: IMO 2020 Update #42
Published: 14 April, 2020
Highlights:
Market Feature
- COVID-19 expected to remove an estimated 770 kb/d of total bunker demand y-o-y in 2020.
Asia Pacific Fuel Oil Fundamentals
- Asia Pacific Fuel Oil Demand expected to fall between 250 kb/d to 300 kb/d q-o-q in 2Q.
- VLSFO - HSFO spread forecasted to remain in the doldrums, averaging $60-70/t ...
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