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Strait of Hormuz crisis Bunkers Fuels

Singapore fuel oil prices retreat as MGO rises amid SOH disruption

  • New supplies from Brazil and Russia relax fuel oil prices in Singapore
  • Reduced South Korean exports continue to tighten MGO availability
  • Sellers are pushing for tighter payment terms while buyers ask for more time as cashflow issues rise on higher fuel costs

  • Analysis

Fuel oil availability has improved for the time being, but it remains to be seen if corrections will continue. Trading houses are sandwiched between high costs from producers and tight cashflows with buyers

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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