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Wed 31 Jan 2018, 09:03 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Fuel Oil Market (January 30)

The front crack opened at -11.30, strengthening to -11.05, before weakening to -11.10. The Cal 19 was valued at -17.00.

Asia's fuel oil markets were relatively muted for a second day this week with buyers remaining on the sidelines as they took stock of near-term supplies and anticipated further weakness in crude oil prices

Some industry sources pointed to steady inflows of prompt arbitrage supplies into Singapore and Asia, keeping supply levels ample.

Oil prices fell on Tuesday for a second day as rising U.S. output and a strengthening dollar sapped demand for crude, pushing Brent below $69 a barrel for the first time in six days.

Economic Data and Events

* 12pm: MBA Mortgage Applications, Jan. 26

* 1:15pm: U.S. ADP Employment Change, Jan.

* 2:45pm: Chicago Purchasing Manager, Jan.

* 3pm: U.S. Pending Home Sales

* 3:30pm: EIA weekly oil inventory report

* 7pm: U.S. Federal Reserve Open Market Committee interest rate decision

* Today, no exact timing:

** Genscape weekly ARA crude stockpiles report

** Petroleum Economist Energy Strategy Forum in Kuwait City, with speakers including Kuwait Oil Minister, among others

** Energy Mexico conference, Mexico City, 2nd day of 3

** Primorsk diesel loading program for February

** EIA releases Petroleum Supply Monthly

*** Monthly Crude Oil and Natural Gas Production report at 12pm

*** All other reports 2pm

Singapore 380 cSt

Feb18 - 377.25 / 379.25

Mar18 - 377.00 / 379.00

Apr18 - 376.75 / 378.75

May18 - 376.25 / 378.25

Jun18 - 375.50 / 377.50

Jul18 - 374.00 / 376.00

Q2-18 - 376.25 / 378.25

Q3-18 - 372.50 / 374.50

Q4-18 - 366.50 / 369.00

Q1-19 - 356.75 / 359.25

CAL19 - 309.00 / 312.00

CAL20 - 240.50 / 245.50

Singapore 180 cSt

Feb18 - 383.25 / 385.25

Mar18 - 382.50 / 384.50

Apr18 - 382.75 / 384.75

May18 - 382.50 / 384.50

Jun18 - 381.75 / 383.75

Jul18 - 380.25 / 382.25

Q2-18 - 382.50 / 384.50

Q3-18 - 378.75 / 380.75

Q4-18 - 373.00 / 375.50

Q1-19 - 363.75 / 366.25

CAL19 - 317.00 / 320.00

CAL20 - 251.00 / 256.00

Rotterdam Barges

Feb18 362.25 / 364.25

Mar18 363.75 / 365.75

Apr18 363.50 / 365.50

May18 362.50 / 364.50

Jun18 361.50 / 363.50

Jul18 359.75 / 361.75

Q2-18 362.50 / 364.50

Q3-18 357.50 / 359.50

Q4-18 347.25 / 349.75

Q1-19 337.00 / 339.50

CAL19 288.00 / 291.00

CAL20 225.00 / 230.00

Map showing existing and planned Emission Control Areas (ECAs). IMO adopts Northeast Atlantic ECA covering waters from Portugal to Greenland  

New ECA to enter into force in September 2027, connecting existing European zones with Canadian Arctic waters.
Renewable and low-carbon methanol project pipeline chart as of April 2026. Renewable methanol project pipeline reaches 61 MMT as China groundbreakings accelerate  

GENA Solutions reports pipeline growth despite concerns over construction readiness for Chinese projects.
Rendering of a diesel-electric chemical tanker. Berg Propulsion to supply propulsion system for Akdeniz-built chemical tanker  

Turkish shipyard Akdeniz orders diesel-electric propulsion package for an 8,000-dwt vessel destined for Transka Tankers.
Ningyuan Diankun vessel. China Classification Society certifies 740-teu pure-electric container ship  

Ning Yuan Dian Kun features battery-swapping capability and is claimed to eliminate 1,462 tonnes of CO2 annually.
UK ETS and FuelEU Maritime event graphic. Lloyd’s Register to host UK ETS and FuelEU Maritime briefing in London  

Event on 12 May will examine maritime emissions regulations ahead of UK ETS expansion.
Ruri Planet vessel. Japanese shipbuilder delivers dual-fuel LNG bulk carrier Ruri Planet  

The 209,000-tonne Capesize vessel can run on heavy fuel oil or LNG.
L&T Energy GreenTech and Itochu agreement signing. L&T Energy GreenTech signs 300,000-tonne green ammonia supply deal with Itochu  

Indian firm to supply Japanese trading house from planned Kandla facility for marine fuel applications.
CMA CGM Iron vessel. Methanol-powered container ship is named CMA CGM D’Artagnan  

French shipping group adds vessel to methanol fleet as part of net-zero target.
Maersk Tahiti vessel. Bound4blue completes second suction sail installation for Maersk Tankers  

Four 24-metre eSAIL units fitted on Maersk Tahiti at Chinese shipyard in April.
Aerial view of Port of Yokohama. Asia-Pacific ports advance cross-sector hydrogen and e-fuel infrastructure  

Accelleron report highlights a coordinated approach combining energy, industry and shipping demand to stimulate market development.




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