FIS: Fuel Oil Daily Evening Report 15 Nov 2023

Singapore and Rotterdam’s front-month VLSFO cracks are both trading $0.40/bbl lower on the day as we approach UK market close, at $3.65/bbl and $13.85/bbl, respectively.

Rotterdam’s front-month HSFO crack is flat on the day at ­$12.80/bbl, while Singapore’s equivalent crack is $0.45/bbl stronger than yesterday’s settlement of ­$11.91/bbl.

Strength in Singapore’s HSFO complex has seen the front-month East-West HSFO spread widen by $3.50/mt on the day, trading at $9.50/mt.