Fuel oil prices seen remaining high

Fuel oil prices climb amid supply drop and tax hike

Oil tanker Russia

This year, prices for fuel oil and fuel-oil cracks climbed to multi-year highs. The price for the February 2012 European 3.5% Fuel Oil (Platts) Barges FOB Rotterdam Calendar swap futures contract reached three-year highs of $688.64 on February 9, a year-on-year rise of 28%. A host of issues are depressing global supply while demand from Asia continues to persist. As a result, market participants are eyeing the fuel market keenly while analysts look for potential opportunities for hedgers and tra

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: