Asia Fuel Oil-Cash premiums for VLSFO rise, Fujairah stocks fall

NEW DELHI, Feb 15 (Reuters) - Asia's very low sulphur fuel oil (VLSFO) market gained on Wednesday after inventories at the Fujairah hub declined. The 0.5% VLSFO cash differential rose to a premium of $17.24 a tonne from $17 a day earlier. In physical markets, energy trader Sinopec bought 20,000 tonnes of high sulphur fuel oil (HSFO), while there were no deals for VLSFO, market participants said. The cash differential for 180-cst HSFO rose by $1.29 to a discount of $3.63 a tonne to Singapore quotes on Wednesday. INVENTORIES

Fuel oil stocks at the Fujairah commercial hub declined for a fourth straight week to 8.158 million barrels in the week to Feb. 13, S&P Global Commodity Insights data showed. NEWS - More Indian firms are attracted to buying Russian naphtha as low-cost feedstock for their refineries and petrochemical plants after price caps imposed by Western nations, six refining sources said. - China's top refiners PetroChina and Sinopec are resuming purchases of discounted Russian crude after a brief pause in late 2022, just before the European Union embargo on Russian oil started, industry sources said. PRICES
CASH ($/T) ASIA CLOSE CHANGE PREV RIC CLOSE
Cargo - 0.5% VLSFO 615.86 -12.15 628.01 Diff - 0.5% VLSFO 17.24 0.24 17 <MFO05-SIN- DIF> Cargo - 180cst 407.59 -3.04 410.63 Diff - 180cst -3.63 1.82 -5.45 <FO180-SIN- DIF> Cargo - 380cst 403.01 -5.63 408.64 Diff - 380cst 3.32 0.65 2.67 <FO380-SIN- DIF> Bunker (Ex-wharf) 9.25 -5.75 15.00
Premium - 380cst
Bunker (Ex-wharf) 18.75 -0.25 19.00
Premium - 0.5% VLSFO

For a list of derivatives prices, including margins, please
double click the RICs below.
Brent M1 <BRENTSGMc1

>
180cst M1 <FO180SGSWM

c1>
180cst M1/M2 <FO180SGSDM

c1>
180cst M2 <FO180SGSWM

c2>
Visco M1 <FOVISSGDFM

c1>
Visco M2 <FOVISSGDFM

c2>
380cst M1 <FO380SGSWM

c1>
380cst M1/M2 <FO380SGSDM

c1>
380cst M2 <FO380SGSWM

c2>
Cracks 180-Dubai M1 <FO180SGCKM

c1>
Cracks 180-Dubai M2 <FO180SGCKM

c2>
East-West M1 East-West M2 Barges M1 <HFOFARAAMc

1>
Barges M1/M2 <HFOFARAASM

c1>
Barges M2 <HFOFARAAMc

2>
Crack Barges-Brent M1 <HFOFARAACM

c1>
Crack Barges-Brent M2 <HFOFARAACM

c2>
(Reporting by Mohi Narayan; Editing by Devika Syamnath)

Reuters

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Asia Fuel Oil-Cash premiums for VLSFO rise, Fujairah stocks fall

By Reuters

Reuters

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