Dear All,
These days, oil market is very hot, because combination of vaccine trials and expectation of economy growth.
Today(11th Dec 2020)
Crude oil price : USD
46.6/barrel at WTI
VLSFO : USD 382.0/mt based on
major four ports average
IFO 380 : USD 303.5/mt based
on major four ports average
Oil spread : USD 78.5/mt
In 2021
According to US Energy
Information Administration(EIA), crude oil price at WTI is expected to be around
USD 45-50/barrel in 2021.
Namely, oil spread(VLSFO vs IFO 380)
will remain almost the same as it is now(Dec 2020).
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