FIS: Fuel Oil Daily Evening Report

Fuel oil cracks stand as follows, as we approach the UK close: ­

• Singapore VLSFO crack: $10.55/bbl (+$1.10/bbl) ­
• Rotterdam VLSFO crack: -­$2.00/bbl (+$0.75/bbl) ­
• Rotterdam HSFO barges crack: ­-$29.30/bbl (flat)

Singapore's VLSFO forward spreads saw a slight upward squeeze today. The Dec22/Jan23 spread was pegged at $20.50/mt, up from a $19.00/mt settlement on Friday. The Jan23/Feb23 spread was up by $1.00/mt, and the Feb23/Mar23 spread up by $0.50/mt.