Sign up
Log in Sign up
Mon 19 Feb 2018, 09:31 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Fuel Oil Market (February 16)

The front crack opened at -9.75, strengthening to -9.55, before weakening to -9.80. The Cal 19 was valued at -14.55

Economic Data and Events

** China markets closed for Lunar New Year holidays, through Feb. 21

* JODI issues world oil exports, output data

* Nigeria's Oil Minister Emmanuel Kachikwu, OPEC Secretary General Mohammad Barkindo to speak at first Nigeria Petroleum Summit in Abuja, 1st day of 5

* U.S. Presidents' Day federal holiday; CME trading, due to open as usual Sunday, to halt at 1pm ET (6pm London) on Monday before reopening again at 6pm ET (11pm London); stock and bond markets closed

Singapore 380 cSt

Mar18 - 362.50 / 364.50

Apr18 - 362.25 / 364.25

May18 - 362.00 / 364.00

Jun18 - 361.00 / 363.00

Jul18 - 359.50 / 361.50

Aug18 - 358.25 / 360.25

Q2-18 - 361.75 / 363.75

Q3-18 - 358.75 / 360.75

Q4-18 - 353.50 / 356.00

Q1-19 - 345.25 / 347.75

CAL19 - 309.50 / 313.00

CAL20 - 236.25 / 242.75

Singapore 180 cSt

Mar18 - 369.25 / 371.25

Apr18 - 368.75 / 370.75

May18 - 368.50 / 370.50

Jun18 - 367.75 / 369.75

Jul18 - 366.25 / 368.25

Aug18 - 365.00 / 367.00

Q2-18 - 368.25 / 370.25

Q3-18 - 365.50 / 367.50

Q4-18 - 360.50 / 363.00

Q1-19 - 353.00 / 355.50

CAL19 - 318.75 / 322.25

CAL20 - 252.00 / 258.50

Rotterdam Barges

Mar18 349.75 / 351.75

Apr18 349.25 / 351.25

May18 348.50 / 350.50

Jun18 347.50 / 349.50

Jul18 346.00 / 348.00

Aug18 344.00 / 346.00

Q2-18 348.50 / 350.50

Q3-18 343.50 / 345.50

Q4-18 334.00 / 336.50

Q1-19 325.25 / 327.75

CAL19 285.75 / 289.25

CAL20 222.25 / 228.75

Zhoushan waterfront at night. Zhoushan becomes world's third-largest bunker port  

Chinese refuelling hub overtakes Antwerp-Bruges and Fujairah to take third place in 2025.
Meyer Turku's net-zero vessel concept render. Meyer Turku completes net-zero cruise ship concept with 90% emissions cut  

Finnish shipbuilder’s AVATAR project vessel design exceeds IMO targets using technologies expected by 2030.
Uni-Fuels Logo. Uni-Fuels renews ISCC certification after first biofuel delivery  

Singapore-based marine fuel supplier completes inaugural ISCC-certified biofuel delivery, supporting EU regulatory compliance.
Close-up of a vessel bow at port. Iberian Peninsula poised to overtake the Netherlands as Europe’s top LNG bunkering hub  

Spanish and Portuguese ports quadrupled ship-to-ship LNG supply in two years, data shows.
FOBAS Fuel Insight Fuel Quality report H2 2025 cover. Lloyd’s Register reports sharp rise in marine fuel quality failures in late 2025  

December recorded the highest monthly off-specification cases, driven by sulphur, catalytic fines and flash point issues.
Bio-LNG bunkering infrastructure. Bahía de Bizkaia Gas launches bio-LNG loading service after ISCC certification  

Spanish regasification terminal begins offering renewable fuel loading for trucks and vessels in January 2026.
Grande Michigan vessel. Grimaldi takes delivery of eighth ammonia-ready car carrier Grande Michigan  

The 9,000-ceu vessel features 50% lower fuel consumption and 5 MWh battery capacity.
Graphic of the ABS logo with a blue background and light effects over a globe. ABS consortium delivers ammonia fuel safety report for EMSA  

Report expands on IMO interim guidelines and highlights need for comprehensive understanding of ammonia properties.
Green Future vessel. NYK operates methanol-fuelled bulk carrier for BHP, claims 65% emissions cut  

Green Future becomes first oceangoing bulk carrier to use low-carbon methanol fuel.
Genesis Sea vessel. Ulstein Verft completes sea trials for Genesis Sea CSOV ahead of spring delivery  

The 89.6-metre vessel features hybrid battery propulsion and preparations for green methanol operation.




 Recommended