FIS: Fuel Oil Daily Morning Report

Singapore’s front-month VLSFO crack has declined by $0.40/bbl, to trade at $6.50/bbl this morning.

Rotterdam’s HSFO crack has strengthened by $0.25/bbl, to trade at ­-$8.00/bbl. The crack has drawn support from strong HSFO demand for power generation from the Middle East. A stronger HSFO market has narrowed Rotterdam’s Hi5 spread, which is trading at around $60/mt.