The spot market for 180-cst high sulphur fuel oil (HSFO) traded at a steeper discount on Friday compared to last week, says an article published on Bunker ports news.
Reflecting near-termVitol bought a 20,000-tonne cargo 180-cst HSFO from PetroChina at a discount of $3 to Singapore quotes on Friday, for loading between Jan. 26 to 30.
Reflecting near-term bearishness, the 180-cst HSFO forward curve was in contango for the first half of 2023, Refinitiv data showed.
Recent...