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


E-fuels volumes per country. Europe risks falling behind China in race to produce e-fuels for shipping  

Europe has 69 e-fuel projects but only six are operational, while China is scaling rapidly.

Hiring concept with highlighted candidate. Sing Fuels opens applications for junior bunker trader role  

Singapore-based firm seeks candidates with one to two years of experience in marine fuels or the wider maritime industry.

Eleven Energy logo. Eleven Energy eyes Athens expansion with trader hire  

Riyadh-headquartered firm looking to open its second office in Europe.

Scorpio team with representatives from Monaco's Department of Economic Development. Monaco backs Scorpio Ship Management in European hydrogen propulsion project  

Government co-finances Scorpio’s role in Project Mariner as Europe pushes to develop hydrogen propulsion technology for commercial shipping.

Arlon vessel. Exmar takes delivery of second dual-fuel ammonia carrier at HD Hyundai Heavy Industries  

Arlon is second in a planned series of four ammonia dual-fuel midsize gas carriers.

Singapore Marina Bay skyline. IBT Bunkering & Trading launches Singapore desk to complement Hamburg operation  

German bunker firm says the move gives it round-the-clock coverage across two continents.

Maritime and Port Authority of Singapore logo. Singapore awards eight new LNG bunkering licences ahead of September launch  

The Maritime and Port Authority of Singapore is expanding the city-state’s LNG bunkering capacity with eight new five-year licences.

Launching ceremony of Maran Melina. New Times Shipbuilding launches two LNG dual-fuel crude oil tankers for Maran and Capital Ship  

Two 155,500-dwt LNG dual-fuel tankers floated out for Greek shipping groups.

Lem Azalea and Lem Plumeria naming ceremony. Naming ceremony held for Huangpu Wenchong's first methanol dual-fuel bulkers  

Two 65,000-tonne vessels built for Limassol-based Lemissoler Navigation.

TSS Challenger vessel. Damen launches second CSOV 9020 for TSSM, prepared for future methanol operation  

The vessel, to be named TSS Challenger, is due for delivery in early 2027.