Short Jul Euro Hi5
Demand for HSFO in Europe has seen a slight uptick lately, with higher bunkering requirements ahead of the summer as the main factor behind the recent HSFO strength. LSFO consumption across Northwest Europe and the Mediterranean has been low during the first half of the year, with pull from the very low sulfur fuel oil blending market in Europe underwhelming and fuel oil usage in the Med power market not yet present. Supply of LSFO had also been good.
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