FIS: Fuel Oil Daily Evening Report

VLSFO forward spreads continued to move upwards throughout today’s session.

Singapore’s front-month to second-month VLSFO spread traded in a wide range of $5.25/mt, and reached a high of $22.25/mt, before closing lower at $20.50/mt.

Singapore and Rotterdam’s second-month to third-month spreads followed suit, gaining around $2/mt on the day.

Rotterdam’s front-month HSFO barge crack weakened by $1.20/bbl to -$28.15/bbl.