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OIL PRODUCTS: Singapore Bunker Sales Hit 9-Month High in October

OIL PRODUCTS
SingaporeAPACCommoditiesEnergy BulletsBulletGlobalRegion

Sales of marine fuel at Singapore rose to a nine-month high in October, led by an increase in container throughput and vessel calls for bunkering, according to the Port Authority, cited by Reuters.

  • Bunker sales totalled 4.88m mt in October, up both 11% on the month and on the year.
  • Volumes for VLSFO totalled 2.51m mt in October, up 11% on the month, as spot demand picked up due to weaker bunker premiums.
  • HSFO volumes jumped to multi-year highs of 1.8m mt as more ships with scrubbers came online.
  • Some buyers also capitalized on a wider hi-5 spread.
  • LNG bunkering volumes also climbed, up 37% on the month to 50.6k mt.
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Sales of marine fuel at Singapore rose to a nine-month high in October, led by an increase in container throughput and vessel calls for bunkering, according to the Port Authority, cited by Reuters.

  • Bunker sales totalled 4.88m mt in October, up both 11% on the month and on the year.
  • Volumes for VLSFO totalled 2.51m mt in October, up 11% on the month, as spot demand picked up due to weaker bunker premiums.
  • HSFO volumes jumped to multi-year highs of 1.8m mt as more ships with scrubbers came online.
  • Some buyers also capitalized on a wider hi-5 spread.
  • LNG bunkering volumes also climbed, up 37% on the month to 50.6k mt.