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Sailing too Close to the Sun…?

HSFO strong but softening on profit-taking; VLSFO weaker in East, selling persists, E/W weaker, bearish sentiment building.
Published: April 16, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
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The High Sulphur Fuel Oil market has remained strong, with the prompt Singapore 380 crack remaining in positive territory, at seasonal highs and seeing higher lows over the two weeks. Both markets began to weaken in April, amid profit-taking flow, with the ceasefire headline accelerating the bearish momentum...

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