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Fuelled by the East

HSFO steady with stronger positioning; VLSFO led by East but momentum fading
Published: February 19, 2026
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HSFO remained strong. The Mar’26 3.5% barges crack reached -$8.80/bbl on 11 Feb, reached a low of around -$9.60/bbl on 12 Feb and is more supported around -$9.15/bbl on 19 Feb at the time of writing. Net positioning has increased well from -69kb to +1.34mb...

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