Weaker gasoline, healthy VLSFO output may limit NWE Hi-5 growth this winter
October 2, 2023 Comments Off
The 0.5%/3.5% sulfur fuel oil spread at Rotterdam fell to unprecedented lows in September, signaling less incentive to buy high sulfur fuel oil, and expectations for its near-term recovery may be overstated, according to analysts. Platts assessed the physical Rotterdam barges Hi-5, as the spread is known, at $20/mt Sept. 9, a multiyear low and down from $228.75/mt a year…
Weaker gasoline, healthy VLSFO output may limit NWE Hi-5 growth this winter
The 0.5%/3.5% sulfur fuel oil spread at Rotterdam fell to unprecedented lows in September, signaling less incentive to buy high sulfur fuel oil, and expectations for its near-term recovery may be overstated, according to analysts. Platts assessed the physical Rotterdam barges Hi-5, as the spread is known, at $20/mt Sept. 9, a multiyear low and down from $228.75/mt a year…
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