FIS: Fuel Oil Daily Evening Report

The Chinese arbitrage window saw little activity and the Chinese futures opened higher, thus taking away opportunities for arbitrage.

VLSFO cracks were trading almost flat with Friday’s settlement as we came into the UK fuel market close. Rotterdam’s VLSFO crack printed last at $0.70/bbl (flat) and Singapore’s crack was pegged at $7.45/bbl (+$0.07/bbl) in what was a thin trading day.