Asian energy trading volatility ahead of President Trump’s deadline for the Strait of Hormuz has prompted Platts, a part of S&P Global Energy, to announce temporary changes to its bidding guidelines for both Asia crude, fuel oil, and bunker (Market on Close, MOC) bids, and Asia Chemicals (physical) for April 6th.
Platts Announcing Temporary Changes to Bidding for Asian Energy
“Asian markets are preparing for the worst right now, meaning the Strait of Hormuz won’t be opened anytime soon,” said independent shipbroker, Jelle Vreeman.
