FIS: Fuel Oil Daily Evening Report

S&P Global Commodity Insights will be excluding Russian-origin product from its VLSFO and 1% sulphur fuel oil assessments in Europe from 1 September.

Singapore’s front-month to second-month VLSFO spread came off heavily today, trading down by $5/mt on the day to settle at $7.50/mt.

Rotterdam’s equivalent spread traded steadily between $7-8/mt today.

Singapore and Rotterdam’s front-month VLSFO cracks were pegged at $8.80/bbl and $5.60/bbl at 15.45 GMT, respectively.