Strong HSFO demand halves Singapore scrubber spreads
Firmer demand for high-sulphur fuel oil in the Middle East has narrowed the price differentials between the 3.5% product and very low sulphur fuel oil, thereby worsening the business case for exhaust gas scrubbers
Rising high-sulphur fuel oil demand from the Middle East and lower production in Europe because of sanctions against Russian oil have narrowed the price differentials between the 3.5% product and very low sulphur fuel oil
