FIS: Fuel Oil Daily Evening Report

Rotterdam’s HSFO barge crack has gained by $1/bbl from Friday’s settlement to print -$25.40/bbl.

As we inch closer to the EU’s 5 February sanctions on refined Russian oil products, the European Commission has proposed a $45/bbl price cap on Russian oil products that typically trade at a discount to crude such as fuel oil, and a $100/bbl price cap for premium products like diesel and LSMGO.