Oversupply of low sulfur material and poor bunker demand has pushed US marine fuel 0.5%S cracks to their lowest levels in 2021, sources said. The June USGC marine fuel 0.5%S/Brent swap spread was assessed on May 20 at plus $6.70/b, its weakest premium since it November 2020, S&P Global Platts data showed. Several US sources …
The post US marine fuel 0.5%S market struggling with oversupply, weak retail demand first appeared on Hellenic Shipping News Worldwide.