Singapore’s LSFO inflows from West seen increasing in Oct amid viable arbitrage economics

Singapore’s low sulfur fuel oil arrivals from the West were seen increasing in October, thanks to widely workable arbitrage economics, but trade sources said limited availability in Northwestern Europe as well as the Mediterranean region would keep a lid on overall volumes. The world’s largest bunkering hub of Singapore is now expected to receive around 2.6-2.7 million metric tons of…Singapore’s low sulfur fuel oil arrivals from the West were seen increasing in October, thanks to widely workable arbitrage economics, but trade sources said limited availability in Northwestern Europe as well as the Mediterranean region would keep a lid on overall volumes. The world’s largest bunkering hub of Singapore is now expected to receive around 2.6-2.7 million metric tons of…Read More