- Front-month forward curves for Argus-assessed northwest European and US Gulf coast 0.5pc sulphur fuel oil intersect from December 2019 to January 2020.
- The northwest European curve moving into backwardation and the US Gulf curve moving into contango.
Based on front-month forward curves of 0.5pc sulphur fuel oil, NW European curve and US Gulf curve move higher and lower than the forward price respectively, reports Argus Media.
Europe-US Gulf forward curvesThe snapshot of the Europe-US Gulf...
http://mfame.guru/imo2020-the-backwardation-and-contango-conundrum/