S&B ANALYSIS: Singapore Bunker Sales Jump to Two-Year High
Last month's sales total was the highest since January 2021, up by 8.6% from the same month a year earlier and by 3.8% from December's level.
Stay updated with breaking news from Data Credit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last month's sales total was the highest since January 2021, up by 8.6% from the same month a year earlier and by 3.8% from December's level.
The firm reported 2.55 million mt of bunker consumption in the three months to December 31 in its earnings report this week, down by 9.2% on the year and the lowest level since the second quarter of 2020.
Firms backed by global oil producers and commodity traders generally performed well last year.
Rotterdam's conventional sales total for 2022 was 9.72 million mt, up by 4.6% on the year and the most since 2016.
About 2.3% of the VLSFO samples analysed by Verifuel in the fourth quarter of 2022 were found to be off-specification, a company representative tells Ship & Bunker.