OTHER NEWS
- Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets.
- Middle East crude oil supplies are set to tighten further from May after OPEC+ announced plans to cut output again, raising costs for refiners from Asia to Europe and pushing them to seek more supply from Russia, Africa and the Americas.
- Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the deal said. - Kazakhstan plans to raise its ceiling on 92/93-octane gasoline prices by 11% and that of diesel by 20% in order to bring them in line with those in neighbouring countries, the country's energy minister said on Monday.
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 576.67 24.58 552.09 Diff - 0.5% VLSFO 1.75 -3.75 5.50 Cargo - 180cst 457.80 32.53 425.27 Diff - 180cst 2.48 0.91 1.57 Cargo - 380cst 457.37 35.29 422.08 Diff - 380cst 8.25 0.50 7.75 Bunker (Ex-wharf) Premium - 380cst 12.00 -0.50 12.50
Bunker (Ex-wharf) Premium - 0.5% VLSFO 9.00 -1.00 10.00
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 Shounak Dasgupta)
