Diverging demand trends blow out Houston-New Orleans IFO 380 spread over monthThe five-day moving average for the spread stood at about $9.60/mt Thursday, according to S&P Global Platts data, with Houston at a discount. One month ago, Houston was at a 30-cent/mt discount, or essentially flat with New Orleans.
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Houston-Balboa MGO spread hits narrowest value since May 2015Houston MGO ended the week at a $3/mt discount to the same product in the competing port of Panama.