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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