Sanctions and Houthi Threat Boost Fuel Oil Demand

Contrary to earlier expectations, global demand for fuel oil has jumped the most since 2019 as longer routes to avoid the Houthi threat around the Red Sea and the surge in shadow fleet numbers have contributed to higher fuel oil use in the shipping industry, analysts tell Reuters. Ship owners have installed the so-called scrubbers to reduce emissions from fuel oil use instead of significantly boosting the use of marine gasoil and low-sulfur fuel oil (LSFO), according to industry experts. In the past two years, the geopolitical situation has also…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com