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Latest Analysis / Short-term Global Oil Service

Residual Fuel Oil Report

Published: 22 January, 2021

Highlights:

Market Feature #1 – Cold snap in Japan driving a surge in LSFO power demand

  • A colder-than-average winter in Japan has increased electrical heating demand. Tight LNG supplies and the surge in gas prices have triggered power providers to ramp up the use of LSFO power plants. We estimate LSFO ...

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