On Tuesday, data revealed that the premium of very-low sulphur fuel oil (VLSFO) over high-sulphur fuel oil (HSFO) has reached its lowest level since October 2021, as reported by XMZA.
Fuel at its lowestAsia’s VLSFO-HSFO premium, known as the Hi-5 spread, reached its lowest level since October 2021, standing at $102.50 per metric ton for August. The narrowing spread is attributed to increasing selling interest and multiple offers for VLSFO cargoes in July and early August....
Ample supply of high-sulphur fuel oil (HSFO) in northwest Europe has widened the “scrubber spread” between the price of 3.5pc sulphur product and IMO-compliant 0.5pc fuel oil, reports Argus Media.
HSFO Price listsThe price of delivered HSFO in Rotterdam has declined by nearly $20/t since 26 March, but 0.5pc fuel oil has risen by $5/t over the same period, broadening the spread between the two grades from under $90/t in late March to $111/t, the widest in a month.
HSFO Oversupply OutcomeAbundant...
https://mfame.guru/excess-supply-of-hsfo-expands-scrubber-spread/