FIS: Fuel Oil Daily Morning Report

Traders remain bearish on the Singapore VLSFO price outlook amid ample stocks in the region and more cargoes arriving from the West this month.

Singapore and Rotterdam’s VLSFO cracks are up by $0.30/bbl and $0.15/bbl this morning.

Rotterdam’s HSFO barge crack has declined by $0.15/bbl, to print -$26.90/bbl.