Middle East April bunker fuel demand shifts as Hormuz shipping risks unsettle trade flows

AI Summary

Demand for bunker fuel in key Middle Eastern ports has decreased amid uncertainties related to the ongoing conflict, affecting ship movements and supply chains. Despite this decline, some Omani ports are beginning to see a gradual recovery in activity.

Bunker fuel demand across key Middle Eastern ports declined in April as the war created uncertainty about ship movement and constrained fuel supply, although activity at some Omani ports recovered gradually, five market participants, including traders and suppliers, told Platts, part of S&P Global Energy, May 6. Fujairah and Dubai bunkering demand was subdued throughout ...