Sanctions and Houthi Threat Boost Fuel Oil Demand

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…

Fuel Oil Demand Defies Forecasts Due to Red Sea Disruptions and Shadow Fleet Expansion - Energy News, Top Headlines, Commentaries, Features & Events

By Enes Tunagur Fuel oil demand rises faster than previously thought Shadow fleet growth boosts fuel oil burn Red Sea diversions adding to consumption LONDON, Oct 2 (Reuters) – Fuel oil used in ships and power plants is seeing unexpected demand, with efforts to curb its use more than offset by an expanding shadow fleet ...

Houthi ‘sanctions’ on US shipping interests a regional power play, says analyst

The militant group announced it is targeting US ships, owners, oil majors and charterers