The market is increasingly positioning itself for tighter octane availability in 2020, and we remain in agreement that the changes set to take place next year are supportive for octane values, particularly in the summer months. However, the recent rolldown in gasoline cracks underscores that this..
Liquidity in the spot VLSFO market is picking up. Spot VLSFO sales in Singapore now roughly equal demand seen for HSFO in H1 19, adding to evidence that 2020’s MGO demand will come in lower than expected. As the world prepares for some 1.5–2.0 mb/d of VLSFO demand, the market is paying high price..