Image of container ship in port
1 February 2024

What does the refining industry tell us about VLSFO for this year?

Bearish fundamentals and sentiment played out between mid-December and mid-January, with VLSFO prices on a downward slide.  This was despite geopolitical tensions surrounding Houthi attacks on shipping in the Red Sea and the first US/UK air attack on Houthi targets on January 11th. 

Photo of smiling bunker trader in office in white collared shirt

Contact our Experts

With 50+ traders in 12 offices around the world, our team is available 24/7 to support you in your energy procurement needs.