Marine fuels: Hi-5 spread strength
Having disappointed for much of last year due to the Covid-19 impact and OPEC+ production cuts, the VLSFO- HSFO (Hi-5) spread is now back above $100/t. We…
Marine fuels & IMO 2020: So much for all the hype
We are now well into the IMO 2020 shipping regulations, and it is clear that all the hype leading up to implementation was exaggerated. Covid-19 has…
Refinery margin weakness
The refined products market has remained weak, and this is no surprise given the impact on fuel consumption from Covid-19 restrictions. While consumption…
There were great expectations for product markets in 2020 with IMO sulphur regulations coming into force at the start of the year. Expectations that this…
