FIS: Fuel Oil Daily Morning Report

Singapore’s July-August VLSFO spread was trading at a high of $10.75/mt today, up by $1/mt from yesterday’s settlement. Rotterdam’s equivalent VLSFO spread has widened by $0.70/mt, trading last at $7/mt.

The VLSFO spreads have widened partly due to bids from big buyers today. Meanwhile, VLSFO and HSFO cracks in both ports were relatively stable this morning.

The East-West July HSFO spread traded last at $5.50/mt.