The HSFO complex initially held strong at the start of the last fortnight amid markets pricing in the Red Sea attacks. However, this observed strength came off over the last week amid physical players muting buy-side flows. On the other hand, this fortnight in VLSFO saw weak price actions across the complex as bearish news came from the Al-Zour refinery again, which made a low tender offer to foreign consumers, thus putting a lid on bullish sentiment.
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