Fujairah's Hi5 spread widens as VLSFO remains scarce

Fujairah's Hi5 spread has widened sharply this month, pulling away from Singapore and Zhoushan, as the limited fuel oil cargoes reaching the UAE port have been mostly HSFO. The spread between VLSFO and HSFO in Fujairah has widened from $201/mt on 1 September to $285/mt on Thursday, according to ENGINE's daily average prices. It peaked ...