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Middle East War Tightens Singapore HSFO Supply, Prices Jump

By Drooid · Oct 16, 2026, 10:35 PM UTC · How we work

Summary

Story summary

Vitol Asia head Kieran Gallagher said high-sulfur bunker fuel prices surged in Singapore as supply tightened.
The Middle East conflict reduced HSFO supply from the Persian Gulf by about 800,000 tonnes each month.
Ukrainian attacks on Russian refineries cut fuel-oil output by roughly 1 million tonnes monthly.
North Asian refiners plan to use over 1 million tonnes of HSFO in November for upgrading units.

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Story summary

Vitol Asia head Kieran Gallagher said high-sulfur bunker fuel prices surged in Singapore as supply tightened.
The Middle East conflict reduced HSFO supply from the Persian Gulf by about 800,000 tonnes each month.
Ukrainian attacks on Russian refineries cut fuel-oil output by roughly 1 million tonnes monthly.
North Asian refiners plan to use over 1 million tonnes of HSFO in November for upgrading units.