Maritime market update: Fuel oil stocks in ARA fell for the first time in June

Risavika LNG index fell by 3.3 % week on week to 15.11 EUR/MWh. Nevertheless, European market prices remain supported by a reduction in Norwegian production, weak LNG send-outs, and forecasts for further LNG cargo arrival cancelations in July and August. Benchmark crude prices closed 3 % lower last week on an increase in COVID-19 cases …

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