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HSFO Cracks Under Pressure

HSFO weak, 380 and VLSFO stabilising; E/W firming, mixed sentiment with short-covering.
Published: April 30, 2026
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High Sulphur Fuel Oil spreads continue to be supported, at seasonal highs in Europe and Asia. The M1 Sing 380 crack has been under pressure, no longer at seasonal highs. The pressure has been even clearer in the Euro HSFO crack, with M1 dropping from a season high to a seasonal low from mid-March...

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