FIS: Fuel Oil Daily Evening Report

Trading activity is more muted today while the US observes the Martin Luther King Jr. Day holiday.

Singapore’s February-March VLSFO spread widened by $2.25/mt from Friday’s settlement of $13.25/mt. Similarly, Rotterdam’s equivalent spread widened by another $1/mt.

HSFO and VLSFO cracks in Singapore and Rotterdam have made strong gains as we approach the UK close.