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Short-term Global Oil Service
Fuel Oil Foresights #133 - Hi-5 Spread to narrow through to March as fall in VLSFO cracks outpaces that of HSFO
Published: 7 February, 2024
Highlights:
Market Fundamentals – Hi-5 Spread to narrow through to March as fall in VLSFO cracks outpaces that of HSFO
- We are more bearish than the forward curve and expect VLSFO cracks to ease in February and March with increased exports from Kuwait’s Al-Zour refinery.
- In 2Q 2024, low-sulfur cracks ...
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