General News

FIS: Fuel Oil Daily Evening Report

July 3, 2023

Singapore’s VLSFO crack has declined by $0.35/bbl from Friday’s settlement, printing $9.80/bbl. The port’s HSFO spreads for July-August and August-September widened by $1/mt today.

Rotterdam’s VLSFO crack has declined by $0.25/bbl, to print $3/bbl. The port’s HSFO barge crack has been roughly flat today.

Chinese traders sold Singapore HSFO August and September contracts during the arbitrage window.