Oil and fuel oil hedging market update

Fuel Oil Market (Aug 16)

The front crack opened at -8.65, strengthening to -8.60, before weakening to -8.65. The Cal 19 was valued at -14.45.

Inventories in Singapore rose for the first time in three weeks, in line with market expectations of gradually improving arbitrage flows into city-state.

Higher net imports of fuel oil into Singapore in the week ended Aug. 15 lifted onshore inventories from a nine-year low. Still, however, a lack of finished grade bunker fuels continued to lend support, sources said.

The September 380 cSt barge crack against Brent crude climbed to about $8.60 a tonne by Asia close on Thursday, up from $8.80 a tonne in the previous session, broker sources said.

Economic data/events (Times are London.)

* API Monthly Statistical Bulletin

* Baker Hughes rig count, 6pm

* ICE weekly commitments of traders report for Brent, gasoil, ~6:30pm

* CFTC weekly commitments of traders report on various U.S. futures and options contracts, 8:30pm

Singapore 380 cSt

Sep18 - 422.00 / 424.00

Oct18 - 416.50 / 418.50

Nov18 - 412.75 / 414.75

Dec18 - 409.75 / 411.75

Jan19 - 407.00 / 409.00

Feb19 - 403.75 / 405.75

Q4-18 - 413.00 / 415.00

Q1-19 - 403.75 / 405.75

Q2-19 - 394.50 / 397.00

Q3-19 - 379.50 / 382.00

CAL19 - 379.75 / 382.75

CAL20 - 314.50 / 320.50

Singapore 180 cSt

Sep18 - 430.25 / 432.25

Oct18 - 425.50 / 427.50

Nov18 - 422.50 / 424.50

Dec18 - 419.75 / 421.75

Jan19 - 417.25 / 419.25

Feb19 - 414.25 / 416.25

Q4-18 - 422.50 / 424.50

Q1-19 - 414.25 / 416.25

Q2-19 - 407.00 / 409.50

Q3-19 - 394.50 / 397.00

CAL19 - 394.75 / 397.75

CAL20 - 337.75 / 343.75

Rotterdam 3.5%

Sep18 - 400.25 / 402.25

Oct18 - 395.00 / 397.00

Nov18 - 391.00 / 393.00

Dec18 - 387.75 / 389.75

Jan19 - 385.50 / 387.50

Feb19 - 383.00 / 385.00

Q4-18 - 391.25 / 393.25

Q1-19 - 382.75 / 384.75

Q2-19 - 374.00 / 376.50

Q3-19 - 355.00 / 357.50

CAL19 - 356.75 / 359.75

CAL20 - 297.75 / 303.75

NE Atlantic ECA will cause significant change to the current fuel mix | Steve Bee, VPS

The possibility of off-spec issues highlights the continuing need for proactive fuel testing to protect vessels.

Smart ships failing to convert data into actionable intelligence, warns SmartSea

Maritime technology firm claims vessels collect vast amounts of data but lack integration to support decision-making.

Energy Transition Outlook 2026 Hydrogen To 2060 report cover.

DNV forecasts 100-fold growth in clean hydrogen by 2060, with China leading expansion

Classification society projects $3.2tn investment in hydrogen sector, with maritime accounting for 15% of clean hydrogen use.

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.

European Shipowners calls for ETS revenue investment and fuel supplier mandate

ECSA urges the EU to invest €9bn in annual ETS revenues in fuel production and infrastructure.

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.

Bunker surveyor sought in Rotterdam to meet increased demand

Dutch firm MCE Marine Surveyors is recruiting for a quantitative fuel inspection role.

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.

Peninsula implements energy efficiency measures across bunker supply fleet

Marine fuel supplier focusing on data-driven upgrades and operational measures to cut consumption.

Oil and fuel oil hedging market update

By the Oil Desk at Freight Investor Services.

Fuels & Propulsion

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