The fuel oil market experiences significant shifts as a severe storm disrupts Black Sea oil exports, impacting Russian and Kazakh shipments. The 380-cst high sulphur fuel oil cash differential flips from discount to premium, raising concerns about Russian fuel oil loadings. Despite adverse weather conditions, Russian supply arrivals in Singapore rise. Asia's HSFO market rebounds on the prospect of China's increased purchases, while low-sulphur fuel oil stabilizes after a recent decline. Vietnam and Taiwan make significant moves in the fuel oil trade. Singapore's residual fuel oil inventories drop, influenced by a backwardated market. Meanwhile, global economic concerns and anticipated OPEC+ production cuts keep investors cautious in the oil market.

SOURCE: GOOGLE