AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
High-sulphur fuel oil prices in the Baltic have fallen this month from January's record highs because of a flood of supply and a dearth of export opportunities. While sellers of FSU gasoil continue to cash in on US demand, export opportunities for fuel oil sellers have disappeared.
The end of a strike that drastically curtailed Venezuela's exports of cracked fuel oil has eroded last month's transatlantic demand for cracked grades. High freight rates and the healthiest crude refining margins since November 2000 have diminished US refinery interest in high-sulphur straight-run fuel oil.
Transatlantic exports of straight-run fuel oil hit 500,000t in December …