FIS: Fuel Oil Daily Evening Report

VLSFO cracks have strengthened into the UK close. Singapore’s crack is up by $0.50/bbl to $13.60/bbl, and Rotterdam’s has come up by a humbler $0.05/bbl to $4.00/bbl.

Conversely, Rotterdam’s HSFO barge crack has weakened by $0.20/bbl to print -$26.70/bbl.

Singapore’s VLSFO February-March forward spread rose by $2/mt this morning, making it a more inviting time to roll contracts.