FIS: Fuel Oil Daily Evening Report

Rotterdam and Singapore’s VLSFO cracks strengthened to $2.45/bbl and $8.05/bbl, respectively.

Singapore’s August-September VLSFO spread widened $2/mt to $3.25/mt today, after narrowing to $1.25/mt earlier in the session. The spread has been narrowing over the past few weeks, from $6.75/mt on 11 July to $3.75/mt on 18 July, due to high regional supplies expected for August.