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Tue 13 Feb 2018, 09:11 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Commentary

Brent closed down 0.20 last night to $62.59, WTI closed at $59.29, up 0.09. In oil you have the emergence of the U.S. which is now included in every single oil commentary, having become a factor the market cannot ignore any longer. The established OPEC order is changing as the old heads we have known so long are getting superseded. Another Monday and another statement from OPEC that they see demand increasing this year. I can only assume that guy I told you about who trades flat price in his undies from home fell asleep with his finger on the LIFT button at this mundane statement.

Fuel Oil Market (February 12)

The front crack opened at -10.20, strengthening to -9.60, before weakening to -9.65. The Cal 19 was valued at -14.50.

Asia's fuel oil market held steady on Monday amid limited trade activity in the physical and paper markets

Economic Data and Events

* 9am: IEA Monthly Oil Market report

* 9:30pm: API issues weekly U.S. oil inventory report

* Egypt Petroleum Show in Cairo, 2nd day of 3

* World Government Summit, Dubai, final day

* Bloomberg-compiled Refinery Snapshot for U.S. and Canada; gives offline capacity projections for crude units and FCCs

Singapore 380 cSt

Mar18 - 350.50 / 352.50

Apr18 - 350.50 / 352.50

May18 - 350.25 / 352.25

Jun18 - 349.75 / 351.75

Jul18 - 348.50 / 350.50

Aug18 - 347.25 / 349.25

Q2-18 - 350.00 / 352.00

Q3-18 - 347.75 / 349.75

Q4-18 - 343.00 / 345.50

Q1-19 - 335.00 / 337.50

CAL19 - 300.50 / 303.50

CAL20 - 227.75 / 232.75

Singapore 180 cSt

Mar18 - 356.75 / 358.75

Apr18 - 356.50 / 358.50

May18 - 356.50 / 358.50

Jun18 - 355.75 / 357.75

Jul18 - 354.75 / 356.75

Aug18 - 353.50 / 355.50

Q2-18 - 356.25 / 358.25

Q3-18 - 354.00 / 356.00

Q4-18 - 349.75 / 352.25

Q1-19 - 343.25 / 345.75

CAL19 - 309.50 / 312.50

CAL20 - 238.50 / 243.50

Rotterdam Barges

Mar18 337.00 / 339.00

Apr18 337.25 / 339.25

May18 336.50 / 338.50

Jun18 335.75 / 337.75

Jul18 334.50 / 336.50

Aug18 332.75 / 334.75

Q2-18 336.50 / 338.50

Q3-18 332.50 / 334.50

Q4-18 324.00 / 326.50

Q1-19 315.50 / 318.00

CAL19 277.75 / 280.75

CAL20 214.75 / 219.75

Hapag-Lloyd and Scan Global Logistics logos. Scan Global Logistics and Hapag-Lloyd expand biofuel partnership to cut shipping emissions  

Collaboration claims to avoid 8,500 tonnes of CO₂e emissions through second-generation biofuels.
Lapis Ace ship-to-ship LNG bunkering operation. MOL signs first annual LNG bunkering contract for car carriers in Vancouver  

Japanese shipping company secures year-round fuel supply with Seaspan Energy at Canadian port.
Gasum's LNG bunkering vessel Coralius. Gasum’s maritime bio-LNG sales surge from 0.8% to 12.3% in 2025  

Nordic energy company attributes growth to FuelEU Maritime regulation introduced in 2025.
Port Authority of Valencia board meeting. Valenciaport gives LNG bunkering go-ahead to Shell and Axpo Iberia  

Port authority approves two LNG bunkering authorisations as part of its decarbonisation strategy.
Northern Purpose naming ceremony. BSM enters LCO₂ carrier segment with management of dual-fuel Northern Purpose  

Bernhard Schulte Shipmanagement takes over first liquefied carbon dioxide carrier for Northern Lights project.
Anna Cosulich vessel. Fratelli Cosulich takes delivery of methanol-ready bunker tanker Anna Cosulich  

Vessel built in China will head to Singapore to support group's bunkering operations.
Nave Equator vessel. Navios Partners takes delivery of dual-fuel-ready Aframax tanker  

Nave Equator is equipped with LNG- and methanol-ready capability plus shore power connectivity.
EmissionLink logo. EmissionLink completes FuelEU pooling submissions for over 600 vessels  

Emissions management service says 90% of shipowners opted to pool in the first compliance cycle.
Dong Fang Qing Gang vessel. China's first inland hydrogen fuel cell container ship enters commercial service  

Dong Fang Qing Gang operates in Jiaxing with 64-teu capacity and zero emissions.
Damen ASD Tug 2713 Fuel Flexible (FF) vessel graphic. Damen receives methanol approval for ASD Tug 2713 fuel-flexible design  

Bureau Veritas and Dutch flag state grant approval, enabling construction of methanol-ready tugs.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



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