FEATURE: USGC 180 CST bunker fuel demand all but gone as older ships retireBomin is the sole supplier of IFO 180 in the port of Houston, while in New Orleans only John W. Stone Oil Distributor can supply the product
Houston premium to US Gulf Coast HSFO hit lowest level since June 7 on ThursdayThe Houston bulk-to-retail spread -- the IFO 380 CST spot market premium to its primary blending component US Gulf Coast HSFO -- stood at 43 cents/mt on Thursday, according to Platts data.
Diverging demand trends blow out Houston-New Orleans IFO 380 spread over monthThe five-day moving average for the spread stood at about $9.60/mt Thursday, according to S&P Global Platts data, with Houston at a discount. One month ago, Houston was at a 30-cent/mt discount, or essentially flat with New Orleans.
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