
Fujairah bunker fuel hits $1,005 per ton as Hormuz disruption persists
Singapore VLSFO stands at $908 per ton while Fujairah premium reflects constrained Gulf supply and reduced bunkering activity.
What the chokepoints cost5 pieces · 4 desks

Middle East Gulf-China benchmark rates broke through $1 million per day for the first time as longer voyages and route disruption tighten supertanker capacity.

Singapore VLSFO stands at $908 per ton while Fujairah premium reflects constrained Gulf supply and reduced bunkering activity.

Twenty-year-old VLCCs now assessed at $71.1m against $20.8m scrap value as war risk premium rewrites tanker economics.

Djeno grade trades at highest spread to Brent in two weeks as Asian refiners substitute for Middle East barrels.

Nationwide average rose past the June 2022 record as Middle East and Russia supply disruptions tighten global fuel markets.