News Summary Core Viewpoint - Russia has canceled fuel import tariffs due to declining domestic demand for oil products, indicating no current need for fuel imports [1] Industry Insights - South Korea's Ministry of Finance will reduce fuel tax relief measures starting in November, potentially impacting fuel prices and consumption [1] - In October, after the National Day holiday, shipowners are expected to resume procurement activities, stabilizing Singapore's marine fuel oil sales [2] - The Asian low-sulfur fuel oil market is weakening due to soft downstream demand and continuous ample supply, with increased arrivals of low-sulfur fuel oil from the Middle East and West Africa expected [2] - The high-sulfur fuel oil market in Asia is also under pressure from high existing inventories and stable inflows of Russian high-sulfur products, maintaining sufficient supply in Singapore [2] - Global inventory levels are rising, with Singapore's inventory up 5.9%, ARA's up 4.3%, Fujairah's up 3.6%, and U.S. residual fuel oil inventory up 1.2% [3] - U.S. refinery utilization rates have decreased by 6.7%, while China's coking utilization rates have increased by 0.7% [3] - The price spread between low and high sulfur fuel oil is expected to see a slight rebound, influenced by external market conditions [3]
俄方重申全面控制顿巴斯 燃料油期货偏强震荡运行
Jin Tou Wang·2025-10-22 07:15