The front-month 0.5% VLSFO crack against Dubai crude touched a high of $38.93 per barrel during Asia’s trading hours, surpassing the previous record high of $37.58 per barrel hit on May 31, 2022, before retreating slightly. The strength largely mirrored that of 10-ppm gasoil cracks, which have extended an uptrend throughout June amid persistent tightness …
The post VLSFO crack hits record high on tight supply, lower crude first appeared on Hellenic Shipping News Worldwide.