Asia Faces New Trade Cost Shock as Fuel Oil Prices Surge on Supply Disruptions

Disrupted supplies from the Middle East and Russia, coupled with resilient bunker demand and high freight rates, have driven high-sulphur fuel oil prices above crude in Asia. While seasonal relief and Chinese exports might ease pressure later, expensive replacement cargoes and vulnerable Russian supplies pose ongoing risks. This energy cost surge could fuel global inflation, potentially influencing central bank policies and impacting USD/PKR and gold's safe-haven appeal.

بحوالہ / Source: oilprice.com