Bottoms up

Published at 09:44 24 May 2019 by

The HSFO market is coming to terms with the collapse of the old IMO 2020 narrative. Backwardation in H2 19 timespreads is easing as 2020 prices find a floor and the market is even pricing in only a mild oversupply in 2020. This is a far cry from the disaster scenarios some observers have been predic…

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