- Fuel oil Med-north at 7-month high on local demand, exports to Saudi Arabia
- US asphalt demand grows as federal funding increases
- China's SHFE likely to launch tax-free 380 CST fuel oil contract in June
Open interest for front-month ICE Dubai crude derivatives slide 25% in JanThe wider EFS has limited opportunities for arbitrage barrels from the West to Asia and raises the value of Brent-linked crudes against Dubai, making the Dubai-linked crudes more attractive to buyers.
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