General News
FIS: Fuel Oil Daily Evening Report
January 3, 2023
Front-month ICE Brent futures reversed all the gains it made in the early part of the session, amid concerns about a slowdown in the global economy and weaker oil demand in China.
Chinese manufacturing activity contracted in December as rising Covid-19 cases disrupted manufacturing in factories.
VLSFO and HSFO spread and cracks in Rotterdam and Singapore were volatile throughout the day.
