Los Angeles MGO Spread Widens Amid Global Volatility

The benchmark Brent crude is trading at $117.38 per barrel, while the EU carbon price stands at $86.26 per tonne. In regional movements, MGO prices saw a significant increase of $1015 in Manila, contrasted by a drop of $890 in Fethiye. Los Angeles reported an HSFO price of $872 and an MGO price of $1673.5, creating a spread of $801.5 per metric tonne.