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A Broker’s Take: Long May/Sep 0.5% Barges and May Naphtha E/W

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The low sulphur market saw pressure in Q1’24 with decreased downstream bunker demand and a glut in prompt supplies. Steady exports from Kuwait and relatively higher arbitrage volumes coming in from Europe are expected to keep the Asian LSFO market well supplied in the near term.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.