VLSFO markets await Al-Zour volumes amid tight supply

Kuwait’s new 615,000 b/d Al-Zour refinery is slated to bring volumes of 0.5% sulfur marine fuel online that rival the entire output of the Mediterranean, at a time of tight supply. The refinery’s 40% residuals yield implies 1 million mt/month of 0.5%S or 1%S fuel oil, which will “fundamentally change” those markets in Europe and the Middle East, a trader…