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Wed 31 Jan 2018, 09:03 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Fuel Oil Market (January 30)

The front crack opened at -11.30, strengthening to -11.05, before weakening to -11.10. The Cal 19 was valued at -17.00.

Asia's fuel oil markets were relatively muted for a second day this week with buyers remaining on the sidelines as they took stock of near-term supplies and anticipated further weakness in crude oil prices

Some industry sources pointed to steady inflows of prompt arbitrage supplies into Singapore and Asia, keeping supply levels ample.

Oil prices fell on Tuesday for a second day as rising U.S. output and a strengthening dollar sapped demand for crude, pushing Brent below $69 a barrel for the first time in six days.

Economic Data and Events

* 12pm: MBA Mortgage Applications, Jan. 26

* 1:15pm: U.S. ADP Employment Change, Jan.

* 2:45pm: Chicago Purchasing Manager, Jan.

* 3pm: U.S. Pending Home Sales

* 3:30pm: EIA weekly oil inventory report

* 7pm: U.S. Federal Reserve Open Market Committee interest rate decision

* Today, no exact timing:

** Genscape weekly ARA crude stockpiles report

** Petroleum Economist Energy Strategy Forum in Kuwait City, with speakers including Kuwait Oil Minister, among others

** Energy Mexico conference, Mexico City, 2nd day of 3

** Primorsk diesel loading program for February

** EIA releases Petroleum Supply Monthly

*** Monthly Crude Oil and Natural Gas Production report at 12pm

*** All other reports 2pm

Singapore 380 cSt

Feb18 - 377.25 / 379.25

Mar18 - 377.00 / 379.00

Apr18 - 376.75 / 378.75

May18 - 376.25 / 378.25

Jun18 - 375.50 / 377.50

Jul18 - 374.00 / 376.00

Q2-18 - 376.25 / 378.25

Q3-18 - 372.50 / 374.50

Q4-18 - 366.50 / 369.00

Q1-19 - 356.75 / 359.25

CAL19 - 309.00 / 312.00

CAL20 - 240.50 / 245.50

Singapore 180 cSt

Feb18 - 383.25 / 385.25

Mar18 - 382.50 / 384.50

Apr18 - 382.75 / 384.75

May18 - 382.50 / 384.50

Jun18 - 381.75 / 383.75

Jul18 - 380.25 / 382.25

Q2-18 - 382.50 / 384.50

Q3-18 - 378.75 / 380.75

Q4-18 - 373.00 / 375.50

Q1-19 - 363.75 / 366.25

CAL19 - 317.00 / 320.00

CAL20 - 251.00 / 256.00

Rotterdam Barges

Feb18 362.25 / 364.25

Mar18 363.75 / 365.75

Apr18 363.50 / 365.50

May18 362.50 / 364.50

Jun18 361.50 / 363.50

Jul18 359.75 / 361.75

Q2-18 362.50 / 364.50

Q3-18 357.50 / 359.50

Q4-18 347.25 / 349.75

Q1-19 337.00 / 339.50

CAL19 288.00 / 291.00

CAL20 225.00 / 230.00

World Shipping Council logo. Dual-fuel container ship and vehicle carrier fleet surpasses 1,200 vessels  

World Shipping Council reports 65% year-on-year increase in operational dual-fuel vessels to 440 ships.
Sotiris Raptis, ECSA. European shipowners call for ETS revenue investment and fuel supplier mandate  

ECSA urges the EU to invest €9bn in annual ETS revenues in fuel production and infrastructure.
Sheen Mao Choong, SSA. Singapore bunker industry urged to prioritise resilience and collaboration  

SSA committee vice chair highlights energy security and crisis readiness at Marine Fuels Forum 2026.
Chia How Khee, TFG Marine and David Foo, MPA. TFG Marine receives bunker safety award from Singapore maritime authority  

Marine fuel supplier recognised for safety standards and operational performance at MPA Marine Fuel Forum.
Rotterdam skyline at night. Bunker surveyor sought in Rotterdam to meet increased demand  

Dutch firm MCE Marine Surveyors is recruiting for a quantitative fuel inspection role.
Emma Roberts, BHP. GCMD highlights BHP biofuel trials to address scaling challenges in maritime decarbonisation  

Mining company discusses need for traceability and coordinated progress across supply, cost and operational readiness.
Levante LNG vessel. Peninsula implements energy efficiency measures across bunker supply fleet  

Marine fuel supplier focusing on data-driven upgrades and operational measures to cut consumption.
Aerial view of a biogas plant. Centrica Energy gains ISCC certification to trade certified bio-LNG  

The energy trading arm of Centrica plc can now trade certified bio-LNG with customers.
TSS Cruiser vessel. Damen delivers first CSOV 9020 to Taiwan joint venture for offshore wind support  

TSS Cruiser handed over to TSSM in Vietnam following sea trials in Ha Long Bay.
United LNG I bunker vessel alongside Blue Aspire vessel. Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations  

United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.




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