Tue 9 Jan 2018 09:15

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.



Fuel Oil Market (January 8)

The front crack opened at -9.90, weakening to -10.05 across the day. The Cal 19 was valued at -11.50.

Asia's front-month high-sulphur fuel oil crack fell on Monday on persisting concerns of weak near-term demand leading to a build-up in supplies, trade sources said.

The February 180 cSt fuel oil crack to Brent crude fell for a fourth straight session to minus $7.38 a barrel, its widest discount since November 2016. Overall profits for Asia's oil refiners dropped to their lowest since May last year as rising supplies dragged down regional fuel prices at the same time that global crude oil prices have climbed to two-year highs.

Clearlake, Gunvor's shipping arm, has chartered a very large crude carrier, Saham, to load up to 270,000 tonnes of fuel oil from Denmark around Jan. 11 for discharge into Singapore by end-February for a $3.05 million fee.

Economic Data and Events

* 11am: NFIB Small Business Optimism, Dec.

* 5pm: EIA's STEO monthly report

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

Singapore 380 cSt

Feb18 - 375.75 / 377.75

Mar18 - 376.25 / 378.25

Apr18 - 376.50 / 378.50

May18 - 376.50 / 378.50

Jun18 - 376.25 / 378.25

Jul18 - 375.50 / 377.50

Q2-18 - 376.50 / 378.50

Q3-18 - 374.25 / 376.25

Q4-18 - 370.50 / 373.00

Q1-19 - 362.75 / 365.25

CAL19 - 341.50 / 344.50

CAL20 - 289.75 / 294.75

Singapore 180 cSt

Feb18 - 379.50 / 381.50

Mar18 - 380.75 / 382.75

Apr18 - 381.00 / 383.00

May18 - 381.25 / 383.25

Jun18 - 381.50 / 383.50

Jul18 - 381.00 / 383.00

Q2-18 - 381.25 / 383.25

Q3-18 - 379.75 / 381.75

Q4-18 - 376.50 / 379.00

Q1-19 - 370.50 / 373.00

CAL19 - 349.75 / 352.75

CAL20 - 298.75 / 303.75

Rotterdam Barges

Feb18 363.25 / 365.25

Mar18 364.00 / 366.00

Apr18 364.25 / 366.25

May18 364.25 / 366.25

Jun18 363.75 / 365.75

Jul18 362.75 / 364.75

Q2-18 364.00 / 366.00

Q3-18 360.50 / 362.50

Q4-18 352.50 / 355.00

Q1-19 345.25 / 347.75

CAL19 320.75 / 323.75

CAL20 269.75 / 274.75


Chart showing Singapore’s trailing 12-month bunker sales (TTM). Record-breaking 12-month bunker sales in Singapore hit 55.38m tonnes in August 2025  

Rolling 12-month bunker sales at the world’s largest bunkering hub reached an all-time high, underscoring a broader upward trajectory.

Illustration of the Explora V, Explora Journeys' fifth ship. Destinations revealed for 2027 launch of LNG-powered Explora V  

Fifth vessel in Explora Journeys fleet to make calls in Mediterranean, then travel east to Red Sea and Arabian Peninsula.

Yang Ming and Hanwha Ocean contract signing ceremony. Yang Ming orders seven LNG dual-fuel container ships from Hanwha Ocean  

Taiwanese shipping line contracts Korean shipbuilder for 16,000 TEU vessels with ammonia-ready capability.

Amogy and KBR sign MoU at Gastech 2025. Amogy partners with KBR to advance ammonia cracking catalysts for hydrogen production  

MoU focuses on evaluating ruthenium catalysts for offshore and industrial hydrogen applications.

Coral Energy, part of Anthony Veder's LNG carrier fleet. Anthony Veder and Gasum expand bio-LNG partnership for FuelEU Maritime compliance  

Two LNG carriers join Nordic energy company's compliance pool as surplus generators.

Illustration of Singapore's first floating LNG terminal. ABB wins contract to power Singapore's first floating LNG terminal  

FSRU will enable Singapore to boost its LNG importing capacity by 50 percent.

Bunker Partner homepage. Bunker Partner appoints trader in Dubai  

Marine fuel trading and broking company expands UAE team.

Fratelli Cosulich 2025 Bunker Meeting. Cosulich Marine Energy team meets in Monaco to discuss latest industry developments  

Members of Marine Energy division analysed strategies, methanol investments and evolving regulatory framework.

Monjasa MOST trainees. Monjasa trainee programme sees 97% surge in applications  

Marine fuel seller receives 1,530 applications for 2025, nearly double previous years.

Anothony Veder's ethylene carrier Coral Patula. Nissen Kaiun invests in wind-assist technology firm Econowind  

Investment highlights growing industry interest in fuel-neutral wind propulsion technologies.





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