Slow bunker demand pressures fuel oil margins

摘要

Fuel oil margins returned to negative territory amid high onshore inventories that left limited space for arbitrage cargoes to discharge into. Gasoline margins made further gains on spring refnery maintenance in the region. Gasoline margins frmed as spring refnery maintenance tightened supply. Sup- port is also coming from higher Vietnamese import demand in March and April, with the 200,000 b/d Nghi Son refnery of line for unplanned work.