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European LSFO market turns bullish on higher demand, shift to sour crude

November 02, 2015 (4:25 mins)

Platts editors Christopher Vowden and Beatrice Bedeschi discuss the bullish turn in low sulfur fuel oil after months of decline, on the back of rising demand and lower volumes available due to shifting crude import patterns at European refineries.

Spike during mid-October in Med 1% cargoes compared to Fob NWE + freights

The following Platts price assessments were discussed in this podcast:
Price Date
FO 1%S FOB NWE Cargo $226/mt 10/30/2015
FO 3.5%S FOB Rdam Barge $217.25/mt 10/30/2015

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