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OIL PRODUCTS: Singapore HSFO Flips Back to a Discount on Tuesday

OIL PRODUCTS

Asia's 380-cst HSFO cracks flipped back into discounts to crude on Tuesday. They have more unusually spent periods at a positive through February.

  • Singapore March 380-cst HSFO/Brent crack closed at a discount of 27 cents a barrel on Tuesday, based on LSEG data.
  • In tenders closing on Tuesday, Kuwait's KPC offered 60,000 tons of HSFO for loading between March 14 and 15 according to Reuters.
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Asia's 380-cst HSFO cracks flipped back into discounts to crude on Tuesday. They have more unusually spent periods at a positive through February.

  • Singapore March 380-cst HSFO/Brent crack closed at a discount of 27 cents a barrel on Tuesday, based on LSEG data.
  • In tenders closing on Tuesday, Kuwait's KPC offered 60,000 tons of HSFO for loading between March 14 and 15 according to Reuters.