Heavy oil shortage spells higher cost for shippers, road builders
3 May 2024
Time to read: minutes
“A tighter fuel oil market is surely also at play,” said Sparta analyst Neil Crosby.
Reuters, May 3, 2024 – Neil Crosby, an analyst at Sparta, noted that a tighter fuel oil market is also contributing to the current dynamics, with high-sulphur fuel oil barge crack spreads against Brent futures reaching their highest levels since early January.