FIS: Fuel Oil Daily Evening Report

Iranian oil minister Javad Oji said his country is ready to offer gas and oil supplies to Europe this upcoming winter.

India said it might agree to join a global coalition on setting a price cap on Russian oil, but only if there is a broad consensus on it.

Singapore’s front- to second-month HSFO spread traded as high as $17.50/bbl today, before settling lower at $15.80/bbl on the UK market close.

Rotterdam’s HSFO barge crack traded in a range of $2/bbl today, and printed $23.75/bbl at 16.45 BST (15.45 GMT).