General News

FIS: Fuel Oil Daily Morning Report

February 3, 2023

VLSFO cracks and spreads have come down sharply again this morning. Singapore’s VLSFO crack is down by $2/bbl from yesterday’s settlement, trading last at $8.35/bbl. Rotterdam’s VLSFO crack is down by $0.80/bbl, trading last at $1.80/bbl.

Singapore’s March-April VLSFO spread has narrowed by $2-3/mt this morning.