Asia’s spot market differentials for key fuel oil grades rose on Monday, with window trades emerging for both higher and lower grades of the fuel.

Spot differentials of 380-cst high sulphur fuel oil (HSFO) traded at a discount of $5.60 per ton to cargo quotes, while differentials for very low sulphur fuel oil traded at a discount of 28 cents per ton.

OTHER NEWS

– Indonesia’s state energy firm Pertamina is seeing higher demand for some of its gasoline products and aims to cover some supply requirements with imports, an official at its trading subsidiary said.
– Russia’s Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed.

WINDOW TRADES

– 180-cst HSFO: No trade
– 380-cst HSFO: Two trades
– 0.5% VLSFO: Two trades
Source: Reuters