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


Methanol bunker fuel delivery. World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports  

First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

Valerie Ahrens. Burando Energies appoints Valerie Ahrens as global head of methanol  

Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

New Sea Generation (NSG) logo. New Sea Generation seeks junior bunker trader in Greece  

Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

Person signing a document. IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC  

Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

Fluxys logo. Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins  

Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

VPS logo. Shale oil components detected in Singapore marine fuel | VPS  

VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

Constantinos Capetanakis, Star Bulk. IBIA chair completes two-year term, citing expansion in regulatory engagement and membership  

Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

Aerial view of a container vessel. LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds  

Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

Vitalii Protasov, GENA Solutions Oy. Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier  

GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

Frontier Venture vessel. Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation  

Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.