FIS: Fuel Oil Daily Evening Report

Singapore’s front-month to second-month VLSFO spread reached a high of $23.25/mt at its settlement yesterday, before weakening to an intraday low of $19.50/mt today.

The front-month East-West HSFO spread has shrunk from $21/mt a week ago, to just $6/mt now.

Rotterdam’s front-month HSFO crack traded in a $0.75/bbl range today, and finished the day at -$32.45/bbl, only $0.06/bbl down from its settlement yesterday.