FIS: Fuel Oil Daily Morning Report

Singapore’s 180cst-380cst VLSFO viscosity spread for March 2023 was trading heavily this morning. 140,000 mt was traded in a 30-minute period – likely by a main commodity player. This follows six months of barely any activity in this spread.

VLSFO cracks are fairly flat across the board, while Rotterdam’s HSFO crack is up by $0.35/bbl from its settlement yesterday, trading last at -$26.20/bbl in the market.