General News
FIS: Fuel Oil Daily Evening Report
May 11, 2023
Fuel oil cracks gained today:
- Singapore VLSFO crack: $7/bbl (+$0.52/bbl)
- Rotterdam VLSFO crack: $0.80/bbl (+$0.30/bbl)
- Rotterdam HSFO crack: -$12/bbl (+$0.50/bbl)
Rotterdam’s June-July VLSFO spread has widened by $0.50/mt, while Singapore’s equivalent VLSFO spread has widened by $0.75/mt.
Chinese traders bought the Singapore HSFO June and July contracts during the arbitrage window.
