Lloyd’s List: High fuel spreads boost scrubber benefits
July 13, 2022
Poten & Partners said in a recent note that the widening spreads are driven by a combination of factors, including Russia’s invasion of Ukraine, and the general recovery of oil demand as the world is coming out of the pandemic.
“After the outbreak of the Covid-19 pandemic, global oil demand collapsed, oil prices dropped to record lows and IMO 2020 largely became a non-issue as refiners could use surplus low sulfur products to produce VLSFO,” the US-based tanker advisers said.
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