FIS: Fuel Oil Daily Evening Report

The EIA figures were released as follows (bbls):

• Crude oil: 3.3 million
• Domestic prod: 12.0 million b/d
• SPR: 8.1 million
• Cushing: +0.4 million
• Distillates: 0.7 million

VLSFO spreads widened today as Brent crude pushed as high as $101.90/bbl.

Singapore’s Oct/Nov VLSFO spread was trading above its Sep/Oct spread, printing a high of $17.50/mt, up from a previous settlement of $15.25/mt.

Rotterdam’s Sep/Oct spread traded a high of $16.25/mt, up $2.25/mt from its previous settlement.

Rotterdam’s HSFO barge crack was pegged at $24.60/bbl on the UK market close.