MGO gives ground in N Europe while VLSFO holds; Med VLSFO port spread worth running the deviation maths on

Brent $101.6/bbl, WTI $90.44, EUA €84.78/t. MGO came off across the ARA and Scandinavia — Rotterdam 1355.5 (-35.5), Hamburg 1338.5 (-50), Antwerp 1393 (-48), Skagen 1353.5 (-50) — while VLSFO in the same ports mostly rose (Rotterdam +9.5 to 695.5, Skagen +20 to 717.5; Antwerp the exception at -17.33 to 661.67). The Rotterdam MGO–VLSFO gap is 660/mt; on a 1,200 t stem that is $792,000 between grades. Baltic VLSFO printed 573 at Tallinn and Muuga and 623 at Riga, Liepaja, Klaipeda and Ventspils — 122.5/mt under Rotterdam's 695.5, or $147,000 on the same stem.