As one of the biggest consumers of fuel oil, the shipping industry 

directly affects the demand for fuel oil and, by extension, the price. 

In February 2016, BDI (Baltic Dry Index, for dry bulk commodities) 

reached its historic low of 290 while the Platts 380 CST fuel oil price 

also hit its lowest point in over ten years. In general, demand by the 

shipping market is greatly influenced by international politics, regional 

economic development, and global trade flows.

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