Incremental supplies, sluggish demand to weigh on Asia LSFO market in 2023
The Asian low sulfur fuel oil market is expected to face headwinds in 2023 on dull demand amid rising supply. Downstream bunker demand is likely to be sluggish with the container shipping segment expected to underperform due to a struggling global economy, while incremental supplies from Kuwait Petroleum Corp.’s Al Zour refinery would weigh on the market, traders and industry…