Asia’s fuel oil refining cracks fell on Monday even though crude oil prices edged lower as the market waits to assess the actual impact of the Middle East violence on the supply and disruption of oil.
The crack for 380-cst HSFO fell further to a discount of $15.06 a barrel at the Asia close, touching its lowest level in more than a week, according to LSEG data.
The 0.5% very-low sulphur fuel oil (VLSFO) crack closed at $10 a barrel on Monday, compared with $10.79 a barrel on Friday, LSEG data showed.
SINGAPORE BUNKER SALES
Singapore’s marine fuel sales, also known as bunker sales, were steady in September month-on-month as vessel calls and container throughput were little changed, official data showed on Monday.
Sales in September totalled 4.26 million metric tons, up 0.2% from the prior month and 7.7% higher year-on-year, latest data from the Maritime and Port Authority (MPA) showed.
Source: Hellenic Shipping News
