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Commodities 2023: Ample supply likely to weigh on Asian HSFO market

January 6, 2023 Comments Off

The Asian high sulfur fuel oil market is likely to be bogged down for most part of 2023 by ample Russian supply, despite expectations of steady to strong demand, especially from the downstream marine fuels sector, several traders and analysts said. Russian-origin supply is likely to increasingly find its way east following a ban on the country’s oil product exports…