Will the catalyst come for the high sulphur complex or is the runway too short?

In mid-February I argued that even the weakness in Sing 0.5 back then was not enough and there was decent probability of seeing flat structure from what blending economics were telling us, (see February 18th Fuel Oil Market Commentary).

That turned out to be the case two weeks later. Since then (and even before that), the number one question I get has been, ‘What about high sulphur?’

My refusal to write too much or too often about high sulphur reflects the fact that since 2022, what we do know about this notoriously tricky complex is often overshadowed by what we do not.

Far too many accounts have been burned trading high sulphur, and it’s even worse if you include VGO on the physical side.

Hoa brings extensive experience, having led fuel oil analysis at Trafigura and worked across crude, diesel, and APAC power markets. Hoa now leads the development of Sparta’s forward-looking tools for fuel oil and feedstocks.

Sparta is a live, market intelligence and forecasting platform that enables oil traders, refiners, banks, hedge funds and wholesalers to have access to real-time and global actionable insights to capture market opportunities before others.

To find out how Sparta can allow you to make smarter trading decisions, faster, contact us for a demonstration at sales@spartacommodites.com