More Sudanese oil available for marine fuel blending as China demand eases
South Sudanese Dar Blend crude oil is returning to the Singapore and Malaysia marine fuel blending markets as Chinese demand for the heavy-sweet crude has decreased. This shift has put downward pressure on low-sulphur fuel oil prices in the region.
Why it matters
Fluctuations in crude oil supply chains directly impact global shipping costs and marine fuel market pricing.
SINGAPORE, Aug 27 (Reuters) – More barrels of South Sudan’s Dar Blend crude oil returned to the marine fuel blending pool in Singapore and Malaysia this month as demand from China’s refining sector eased, according to market sources and shipping data.
The article is a standard market report based on shipping data and industry analyst commentary.
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