Market Outlook
Press

Heavy oil shortage spells higher cost for shippers, road builders

Cross BarrelCrudeDistillateFreightFuel OilGasolineJetNaphtha
Analyst briefsChart packsDeep divesEventsOpinionsPodcastsPressWebinarsWhitepapers
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.

Read the full article here.

 

Author

Sparta

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Continue reading

  • New
  • Press
  • Crude

Spot Mideast crude prices strengthen after Iran attacks UAE tankers

“The mini-glut of oil has now evaporated, with a fresh eye of a potential of disruptions from the...

14 JUL 26 - 11:10

  • New
  • Analyst brief
  • Distillate

Jet takes the strain as Middle East escalation bites; NWE diffs at eight-year extremes with only US ...

In somewhat of a contrast to yesterday’s note, the increasing military escalations in the Middle...

14 JUL 26 - 09:58

  • New
  • Press

Trump’s Strait of Hormuz fee could double the cost of shipping

“I see this as a reason for shipowners to get less comfortable in the region, alongside the...

14 JUL 26 - 09:33

  • New
  • Press

Oil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook

“Crude oil is fast losing its strategic petroleum reserve buffer, and a violent repricing up...

14 JUL 26 - 08:54

subscribe_cta_image

Get forward-looking insights straight to your inbox

Subscribe