1.Low-sulphur dirty products margins frmed while high-sulphur fuel oil lost ground ahead of the upcoming IMO 2020 sulphur cap. 2.European high-sulphur fuel oil discounts to Russian crude Urals widened by close to $1/bl to $33.69/bl. High-sulphur bunker fuel demand has collapsed with just fve weeks remaining until the start of the tighter sulphur cap, as 0.5pc sul- phur fuel oil takes over as the primary marine fuel (see graph).
展开▼
