Stuck at the waterline
Edition: Euro EditionVolume: 3Issue: 25
Saudi OSPs surprise many, Dated Brent calms down, and Dangote refinery's troubles
I Fuel It Coming…
HSFO firm, bullish; 380 crowded long. VLSFO volatile but improving
Published: February 5, 2026
HSFO remained strong. The Mar’26 3.5% barges crack has not seen a significant net change in the fortnight, but has seen higher lows over 2026 so far. The contract reached over -$9.00/bbl on 23 Jan before softening to around -$10.50/mt on 27-30 Jan and is more supported around -$9.50/bbl on 05 Feb at the time of writing.
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Get yapping!
Edition: Asia EditionVolume: 3Issue: 25
US and Iran argue about what to argue about... Dubai keeps climbing and fuel oil in a pickle!