Meanwhile, sales of marine fuel, also known as bunkers, fell to an 8-month low in February at the world's top bunkering hub Singapore as demand softened, latest official data showed on Tuesday.
REFINERY NEWS Kuwait Integrated Petroleum Industries Company exported its first solid sulphur shipment from the Al Zour refinery to global markets, the state news agency said on Tuesday.
NEWS - TFG Marine, majority owned by commodities trader Trafigura, aims to increase its marine fuel sales volume by up to 20% this year through expansion in Africa, the UK and the Mediterranean, a senior company executive said. - India is not obligated to buy Russian oil at rates below the price cap imposed by the Group of Seven (G7) and other Western nations, an Indian oil ministry source told Reuters on Tuesday. SINGAPORE CASH DEALS - 180-cst HSFO: One trade - 380-cst HSFO: No trade - 0.5% VLSFO: One trade
PRICES
CASH ($/T) ASIA CLOSE CHANGE PREV RIC
CLOSE
Cargo - 0.5% VLSFO 557.34 -20.82 578.16 Diff - 0.5% VLSFO 4.02 0.07 3.95 <MFO05-SIN-
DIF>
Cargo - 180cst 424.92 -20.17 445.09 Diff - 180cst 4.18 0.95 3.23 <FO180-SIN-
DIF>
Cargo - 380cst 416.34 -21.86 438.20 Diff - 380cst 6.87 -0.48 7.35 <FO380-SIN-
DIF>
Bunker (Ex-wharf) 7.50 -7.50 15.00
Premium - 380cst
Bunker (Ex-wharf) 10.75 0.00 10.75
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)
