FIS: Fuel Oil Daily Evening Report

Singapore’s Jan23-Feb23 and Feb23-Mar23 VLSFO spreads shed about $0.25/bbl from their settlements yesterday, while Rotterdam’s equivalent VLSFO spreads gained $0.25/bbl.

Rotterdam’s HSFO barge crack strengthened today. From a previous settlement of -$30.65/bbl, the January contract was trading at -$30.15/bbl as we approach the UK close.