Resids/bunkers: HS cracks firming in Europe

摘要

Thee fuel oil market in Northwest Europe continued to display resilience, with high sulfur fuel oil cracks—which represent a relative value of fuel oil in relation to front-month Brent crude—lingering around minus 10/bar-rel in the first week of April and firming to minus 9/b Thursday, when the benchmark FOB Rotterdam fuel oil barges were assessed at 257.75/mt.