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.
Get the latest from
Trading Intelligence straight to your inbox
Bringing you in-depth analysis and market commentary for bunkering and shipping from our in-house research desk.
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.