01 November 2013 15:43 [Source: ICIS news]
A VGO trader said the unusual difference in premiums between the two regions was due to a better balanced market in the Mediterranean when compared with northwest Europe.
On Friday, premiums in the low-sulphur (LS) Mediterranean VGO markets stood at $1.50/bbl versus $1.00/bbl in northwest Europe.
Meanwhile, high-sulphur (HS) VGO premiums in the Mediterranean was trading at a premium of $0.50/bbl on Friday versus trades at parity with ICE Brent crude oil futures in northwest Europe.Follow @ICISCuckooJames on Twitter
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