Refined Products, Fuel Oil

October 17, 2024

What is driving the counter-seasonal strength in European fuel oil markets?

As high sulfur fuel oil cracks in Europe hover at year-to-date highs outside of their traditional summer peaks, reporters Tommy Petrou and Takis Gounaris join Joel Hanley to delve into the fundamentals that are providing a firm footing for fuel oil markets in Europe as heightened tensions in the Middle East stir up volatility across the commodities complex.

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3.5%S FOB Rdam Barge - PUABC00

3.5%S FOB Rdam Barge Brent Crack Mo01 - AATZT00

Rotterdam HSFO barges reach 3-month high amid tight supply (subscriber content)