- Oil prices were on track for weekly losses as strong U.S. economic data heightened concerns that the Federal Reserve would further tighten monetary policy to tackle inflation, a move that could hit fuel demand even as crude stockpiles grow.
- Singapore-flagged tanker Maersk Magellan is looking for another location after being stopped from entering a Spanish port over an earlier oil transfer, its Danish operator Maersk Tankers said.
- Pertamina International Shipping (PIS), a unit of Indonesia's state energy firm, has
secured a $185 million syndicated loan to fund investment in its fleet and infrastructure, the
company said.
- The Baltic Exchange's main sea freight index , tracking rates for ships carrying
dry bulk commodities, fell to a near three-year low on waning demand for capesize and panamax
vessel segments.
WINDOW TRADES - 180-cst HSFO: No trade
- 380-cst HSFO: One trade
- 0.5% VLSFO: No trade
ASSESSMENTS
FUEL OIL
CASH ($/T) ASIA CLOSE CHANGE PREV CLOSE RIC
Cargo - 0.5% VLSFO 584.57 -30.87 615.44 Diff - 0.5% VLSFO 11.70 -3.24 14.94 Cargo - 180cst 418.52 -3.99 422.51 Diff - 180cst -1.77 0.73 -2.50 Cargo - 380cst 404.67 -8.96 413.63 Diff - 380cst 2.34 -0.29 2.63 Bunker (Ex-wharf) Premium - 380cst 9.00 0.00 9.00
Bunker (Ex-wharf) Premium - 0.5% VLSFO 18.00 -1.00 19.00
For a list of derivatives prices, including
margins, please double click the RICs below.
Brent M1 180cst M1 180cst M1/M2 180cst M2 Visco M1 Visco M2 380cst M1 380cst M1/M2 380cst M2 Cracks 180-Dubai M1 Cracks 180-Dubai M2 East-West M1 East-West M2 Barges M1 Barges M1/M2 Barges M2 Crack Barges-Brent M1 Crack Barges-Brent M2 (Reporting by Jeslyn Lerh; Editing by Varun H K)
