17JUN2019 - NEWS - NWE LSFO premium up on storage demand

Low-sulphur fuel oil's premium to the high-sulphur equivalent in northwest Europe is the widest in two weeks, with support found ahead of the sulphur cap in marine fuels next year. Low-sulphur fuel oil (LSFO) cargo swaps widened to $38.25/t to high-sulphur fuel oil (HSFO) barge swaps at the close yesterday, the widest since the five-year high on 30 May. Demand for fuel oil with a maximum sulphur content of 1 % has increased recently for storage ahead of the International Maritime Organisation (IMO) marine fuel legislation that comes into force next year.

Published by Editor - www.Livebunkers.com at 17-Jun-2019 03:17:46 [UTC] , contact editor at editor@livebunkers.com