India’s bunker demand slows in April on tight credit, market uncertainty

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Bunker demand along India's coasts slowed in April due to tight credit and market uncertainty, which are influenced by the ongoing conflict in the Middle East. Suppliers reported moderate supply levels throughout the month amidst economic challenges.

Bunker demand across India’s west and east coasts slowed in April compared with March amid tight credit and ongoing market uncertainty due to the Middle East war, while supply was moderate throughout April, traders, suppliers, and other market participants told Platts, part of S&P Global Energy, on May 4. Traders and suppliers said elevated March ...