Key analysis and insights on the global residual fuel oil market. On the supply side, we examine refinery investment, inventories, fuel availability for VLSFO and HSFO across various countries identifying the shorts and lengths in each region by marine fuel type, the viability and adoption of competing fuels such as LNG, ammonia and methanol in bunkering, and alternative fuels that may displace residual fuel oil in the power generation sector.
On the demand side we provide analysis on bunker sale volumes in the key hubs of Singapore, South Korea, China, Fujairah, and Panama, categorized by fuel type, and also analyze the impact of other competing sources of residual fuel oil demand, such as the power generation sector, and how this will impact pricing.
On the price side, we forecast VLSFO and HSFO prices and analyze the arbitrage of VLSFO and HSFO prices between the key hubs in Singapore, taking into account the volatile freight costs between regions.