FIS: Fuel Oil Daily Evening Report

Singapore’s August-September VLSFO spread has narrowed by $1.50/mt today.

Further-dated Singapore VLSFO spreads, through to December-January, are priced between $4.25/mt and $4.75/mt.

Singapore’s VLSFO crack has declined by $0.70/bbl, to trade at $7/bbl, and Rotterdam’s VLSFO crack has declined by $0.40/bbl, to trade at a narrow $1.30/bbl.