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Fuel The Oscillations

Large price swings in both HSFO and VLSFO contracts; buyside interest in summer 380 spreads; Visco (180/380cst) diff widens
Published: May 14, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
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High Sulphur Fuel Oil saw a volatile performance in the swaps complex over the fortnight as prices saw a massive downwards then upwards swing before reverting towards the middle. For instance, the Jun'26 3.5% barge crack initially fell towards -$10/bbl before rebounding up to -$4/bbl before falling back to -$7/bbl.

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