The premium of very low-sulphur fuel oil (VLSFO) to high-sulphur fuel oil (HSFO) will remain narrow in the coming months, with low Opec+ supply and lockdown measures in many countries, Bank of America has forecast.
Such a development would lead to prolonged weakness in the investment case for exhaust gas cleaning systems, sales of which have been weak this year despite the IMO 2020 switch.
