China's Dip in Demand Reintroduces Dark Blend
The Asian low-sulfur fuel oil markets have experienced increasing pressure due to the return of larger volumes of Dar Blend crude from South Sudan to fuel mixing operations in Singapore and Malaysia during August, following a decline in Chinese crude demand. Imports to Singapore and Malaysia reached approximately 1.7 million barrels, marking the third consecutive monthly increase. Meanwhile, China ceased crude imports last month after previously relying on it, due to supply disruptions from the Middle East. Dar Blend crude is characterized by its heavy, low-sulfur quality, making it an ideal choice for the production of marine fuel that complies with emission standards. Demand for this crude is rising, with projections indicating that its exports will surpass 2.6 million barrels per month in 2026, up from 1.9 million in 2025.
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