FIS: Fuel Oil Daily Evening Report

Rotterdam’s front-month HSFO barge crack reversed previous gains, dropping $1/bbl on the day and trading last in the market at -$25.40/bbl.

VLSFO cracks finished fairly flat on the day, despite stronger crude.

Rotterdam and Singapore’s VLSFO spreads battled with downward pressure today as supply is ample in both regions. Both of their February-January contracts dropped by $0.50/mt from their settlements yesterday.