FIS: Fuel Oil Daily Evening Report

Rotterdam’s HSFO barge crack strengthened again today, gaining $1.75/bbl from the previous day’s settlement. As we approached the UK close, it printed -$27.75/bbl.

Rotterdam's VLSFO crack declined during today’s session.

Chinese refineries are gradually cutting down crude oil imports from Russia ahead of impending EU sanctions and uncertainty over a proposed G7 price cap on Russian oil imports.