FIS: Fuel Oil Daily Evening Report

The front-month east-west Hi5 spread has narrowed slightly in the past week.

Singapore's VLSFO premium over Rotterdam has dipped below $80/mt, while its HSFO premium is below $10/mt.

Front-month Hi5 spreads have averaged $443.92/mt in Singapore this week, and $306.21/mt in Rotterdam.

The recent high spreads continue to be music to the ears of owners with scrubber-fitted fleets.

Singapore's Cal 23 spread is seen at levels below $180/mt, and Rotterdam's at $150/mt.