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Heavy oil shortage spells higher cost for shippers, road builders

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Published03 MAY 24 - 11:18 Reading time  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.

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