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Bunker market may face huge disruptions from Saudi attacks

Posted On: Sep. 17, 2019 6:35 AM CST

Asian high sulfur fuel oil markets are likely to come under intense supply pressure due to an expected drop in exports from Saudi Arabia following attacks on oil facilities, S&P Global reported. A Singapore-based trader said, "I think the Singapore bunker market could face huge supply disruptions." Ten drones attacked Saudi Arabian Oil Co.'s oil facilities in Abqaiq and Khurais on Sep. 14, affecting daily oil production of 5.7 million barrels.

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