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11.12.24 - 11:40
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Asia Fuel Oil-Spot benchmarks stabilise after recent slump (Reuters EN)
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Asia Fuel Oil-Spot benchmarks stabilise after recent slump SINGAPORE, Dec 11 (Reuters) - Asia's spot fuel oil benchmarks steadied on Wednesday after the market's recent downtrend, while overall trading momentum was largely thin. Spot premium for very low sulphur fuel oil (VLSFO) inched slightly higher on Wednesday, after slumping to near parity levels to cargo quotes a day ago....
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10.12.24 - 11:39
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Asia Fuel Oil-VLSFO extends slide as ample supply faces lukewarm demand (Reuters EN)
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Asia Fuel Oil-VLSFO extends slide as ample supply faces lukewarm demand SINGAPORE, Dec 10 (Reuters) - Asia's very low sulphur fuel oil (VLSFO) market weakened further on Tuesday as the market eyed ample supply arrivals, which have been met with lukewarm downstream demand. Refining margins extended declines, with VLSFO cracks trading lower day-on-day....
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09.12.24 - 11:39
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Asia Fuel Oil-Refining crack spreads plunge amid selling flurry (Reuters EN)
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Asia Fuel Oil-Refining crack spreads plunge amid selling flurry SINGAPORE, Dec 9 (Reuters) - Refining crack spreads for fuel oil fell on Monday after trading participants engaged in a wave of selling activity, based on market sources and pricing data. Singapore's January crack spread for very low sulphur fuel oil (VLSFO) dived below premiums of $10 per barrel on Monday, as of the Asia close (0830 GMT), hitting more than five-month lows, showed LSEG data....
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06.12.24 - 11:22
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Asia Fuel Oil-HSFO extends slide; hi-five recovers week-on-week (Reuters EN)
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Asia Fuel Oil-HSFO extends slide; hi-five recovers week-on-week SINGAPORE, Dec 6 (Reuters) - Spot premiums for high sulphur fuel oil (HSFO) extended further declines on Friday, while the hi-five spread showed some rebound versus the previous week. The premium of VLSFO over 380-cst HSFO, also known as the hi-5 FO05-380SGMc1 , closed slightly above $105 a metric ton, based on LSEG data....
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05.12.24 - 11:34
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Asia Fuel Oil-VLSFO trades in discount for spot December parcel (Reuters EN)
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Asia Fuel Oil-VLSFO trades in discount for spot December parcel SINGAPORE, Dec 5 (Reuters) - Asia's spot market for very low sulphur fuel oil (VLSFO) traded in discounts on Thursday for December loading dates, with cash differentials sliding to their lowest since mid-April this year. The product traded at a discount of 25 cents a metric ton to cargo quotes for the prompt laycan, while offers also trended down for later dates in December....
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05.12.24 - 09:28
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Singapore fuel oil stockpiles ease slightly to two-week lows (Reuters EN)
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Singapore fuel oil stockpiles ease slightly to two-week lows By Jeslyn Lerh SINGAPORE, Dec 5 (Reuters) - Onshore fuel oil storage volumes in Singapore dipped to their lowest in two weeks after imports retreated slightly, though inventories remained higher than last month's average, data showed on Thursday. The inventories STKRS-SIN fell 2.3% to 18.79 million barrels (about 2.96 million metric tons) in the week to Dec....
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04.12.24 - 11:03
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Asia Fuel Oil-Premiums narrow further; market eyes Asia sale tenders (Reuters EN)
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Asia Fuel Oil-Premiums narrow further; market eyes Asia sale tenders SINGAPORE, Dec 4 (Reuters) - Spot premiums for fuel oil narrowed further in Asia on Wednesday, while the market eyed several sales tenders from regional refiners this week. Singapore cash premium for very low sulphur fuel oil (VLSFO) was pegged at 95 cents a metric ton to cargo quotes, with a competitive offer emerging for prompt loading dates....
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03.12.24 - 05:26
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Fuel oil smuggling network rakes in $1 billion for Iran and its proxies (Reuters EN)
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INSIGHT-Fuel oil smuggling network rakes in $1 billion for Iran and its proxies Powerful militia Asaib Ahl al-Haq central to scheme, sources say Sanctioned Iran-backed AAH leader Khazali supported Sudani as PM Fuel oil smuggling provides dollars for Iran, sources say By Maha El Dahan and Yousef Saba DUBAI, Dec 3 (Reuters) - A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since Prime Minister...
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02.12.24 - 11:02
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Asia Fuel Oil-Spot premiums dip as offers soften, trade largely quiet (Reuters EN)
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Asia Fuel Oil-Spot premiums dip as offers soften, trade largely quiet SINGAPORE, Dec 2 (Reuters) - Spot premiums for fuel oil eased in Asia on Monday, with offers retreating from the previous session, while overall trading momentum was largely thin. Singapore's cash premium for very low sulphur fuel oil (VLSFO) was pegged below $3 a metric ton to cargo quotes, with backwardation weakening further at the prompt months....
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29.11.24 - 11:39
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Asia Fuel Oil-Hi-5 spread narrows more than 20% versus last week (Reuters EN)
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Asia Fuel Oil-Hi-5 spread narrows more than 20% versus last week SINGAPORE, Nov 29 (Reuters) - Asia's hi-5 fuel oil spread narrowed by over 20% week-on-week, reflecting a weaker market for very low sulphur fuel oil (VLSFO) while high sulphur fuel oil (HSFO) held its ground. The premium of VLSFO over 380-cst HSFO, also known as the hi-5 FO05-380SGMc1 , fell to $87.15 a metric ton on Friday, showed LSEG data at Asia close (0830 GMT)....
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28.11.24 - 11:40
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Asia Fuel Oil-Markets stable, though VLSFO selling interest persists (Reuters EN)
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Asia Fuel Oil-Markets stable, though VLSFO selling interest persists SINGAPORE, Nov 28 (Reuters) - Asia's spot fuel oil markets were little changed in quiet trade on Thursday, though selling interest continued to emerge for very low sulphur fuel oil (VLSFO). Multiple spot offers persisted in the spot market, capping benchmarks at the current levels. Meanwhile, the high sulphur fuel oil (HSFO) market was rangebound in thin trading....
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28.11.24 - 09:50
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Singapore fuel oil stockpiles rebound amid jump in net imports (Reuters EN)
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REFILE-Singapore fuel oil stockpiles rebound amid jump in net imports Corrects typographical error in headline By Jeslyn Lerh SINGAPORE, Nov 28 (Reuters) - Onshore fuel oil storage volumes in Singapore rebounded after sliding the previous week, led by a surge in net imports, data showed on Thursday. The inventories STKRS-SIN rose 13.2% to 19.23 million barrels (about 3.03 million metric tons) in the week to Nov....
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28.11.24 - 09:32
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Singapore fuel oil stockipiles rebound amid jump in net imports (Reuters EN)
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Singapore fuel oil stockipiles rebound amid jump in net imports By Jeslyn Lerh SINGAPORE, Nov 28 (Reuters) - Onshore fuel oil storage volumes in Singapore rebounded after sliding the previous week, led by a surge in net imports, data showed on Thursday. The inventories STKRS-SIN rose 13.2% to 19.23 million barrels (about 3.03 million metric tons) in the week to Nov....
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27.11.24 - 17:03
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Gulf Transport and Trading to load Port Harcourt fuel oil cargo (Reuters EN)
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Gulf Transport and Trading to load Port Harcourt fuel oil cargo Nov 27 (Reuters) - Dubai-based Gulf Transport and Trading will load a cargo of low-sulphur fuel oil (LSFO) from Nigeria's Port Harcourt oil refinery this week after winning a tender, an industry source with direct knowledge of the matter told Reuters. The 15,000 metric ton LSFO cargo was offered in a tender, which closed last week , by Nigerian state-owned oil firm NNPC Ltd....
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27.11.24 - 11:58
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Asia Fuel Oil-Hi-5 spread crunches to narrowest in five months (Reuters EN)
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Asia Fuel Oil-Hi-5 spread crunches to narrowest in five months SINGAPORE, Nov 27 (Reuters) - Asia's hi-5 fuel oil spread crunched to its most narrow in five months as the very low sulphur fuel oil (VLSFO) market softened, while high sulphur fuel oil (HSFO) retained strength. December hi-5 FO05-380SGMc1 , which is the premium of VLSFO over HSFO, narrowed to about $94 a metric ton on Wednesday at the Asia close (0830 GMT)....
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