FIS: Fuel Oil Daily Morning Report

Rotterdam’s HSFO February barge crack has pushed $0.50/bbl higher from its settlement yesterday, to -$26.00/bbl this morning.

VLSFO cracks in Rotterdam and Singapore are trading flat with their settlements.

There is lots of activity in Singapore’s forward HSFO spreads further down the curve, with the May-June contract up by $0.75/bbl this morning, to $1.75/bbl. The November-December contract is trading $0.25/bbl stronger.