06 May 2014 18:19 [Source: ICIS news]
LONDON (ICIS)--European high-sulphur vacuum gasoil (VGO) premiums against ICE Brent crude oil futures have been on a downward slide because of slowing US and domestic demand, industry sources said on Tuesday.
Premiums in the high-sulphur northwest European VGO markets fell to $3.00/bbl on Tuesday from $5.00/bbl a week earlier.
VGO is used to make distillates and is the primary feedstock for European base oils.
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