Asia high-sulphur fuel oil market to take a breather in strong rally
Oil
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Article by:
Jeslyn Lerh - Reuters
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Date Published:
June 06, 2024
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Who was cited:
Palash Jain, Analyst - FGE Dubai
"HSFO cracks should ease from current levels as we expect Russia's HSFO exports to remain elevated at around 600,000 barrels per day in June," said Palash Jain, a Middle East oil analyst at consultancy FGE, noting that several Russian refining units have resumed operations after attacks by Ukrainian drones.
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