Asia’s spot differential for 380-cst high sulphur fuel oil (HSFO) rose slightly on Friday, while that for very low sulphur fuel oil (VLSFO) and 180-cst HSFO slid.

Singapore 380-cst HSFO differential was pegged at a discount of $1.60 a metric ton. With lowered bids and offers prices, VLSFO deepened its discount to $1.50 a metric ton and 180-cst HSFO discounts widened to $1.50 a metric ton.

Cracks for VLSFO held steady at premiums of above $4 a barrel, while 380-cst HSFO cracks were at discounts of more than $7 a barrel, LSEG data showed.

OTHER NEWS

– Oil prices nudged higher on Friday after the U.S. put greater economic pressure on Venezuelan oil shipments and carried out airstrikes against Islamic State militants in Nigeria’s Sokoto state, in coordination with the African country’s authorities.

– China has issued 19 million tons of export quotas for refined fuels including gasoline, diesel and jet fuel in the first batch of such allowances for 2026, three trade sources familiar with the matter said late on Wednesday.

– The White House has ordered U.S. military forces to focus almost exclusively on enforcing a “quarantine” of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating Washington is currently more interested in using economic rather than military means to pressure Caracas.

– Iran has seized a foreign oil tanker near the Iranian island of Qeshm in the Gulf, saying it was carrying 4 million litres of smuggled fuel, state media reported on Friday.

WINDOW TRADES

– 180-cst HSFO: No trade

– 380-cst HSFO: No trade

– 0.5% VLSFO: No trade
Source: Reuters