FOB Singapore Index

Asia Crude Oil: Key Market Indicators May 31-June 4

The Asian middle distillates complex is expected to continue to see the divergence in the week started May 30, reports Platts.

In the gasoil sector, industry sources said the demand recovery in Europe is likely to offset sluggish demand in Asia, while limitations to air travel because of pandemic-related restrictions would continue to weigh on the jet fuel/kerosene market.

Jet fuel/kerosene

The front-month June-July jet fuel/kerosene time spread remained steady day on the day at minus 25 cents/b...

https://mfame.guru/asia-crude-oil-key-market-indicators-may-31-june-4/

Key Factors Expected to Weigh on Asian Middle Distillates May 31-June 4

The Asian middle distillates complex is expected to continue to see a divergence in the week started May 30, says an article published in Platts.

In the gasoil sector, industry sources said the demand recovery in Europe is likely to offset sluggish demand in Asia, while limitations to air travel because of pandemic-related restrictions would continue to weigh on the jet fuel/kerosene market.

Jet fuel/kerosene

The front-month June-July jet fuel/kerosene time spread remained steady day on day at...

https://mfame.guru/key-factors-expected-to-weigh-on-asian-middle-distillates-may-31-june-4/

Futures Contracts To Enable Charterers Hedge Bunker Fuel Risk

Freight Investor Services is helping shipowners hedge their bunker fuel risk ahead of the IMO 2020 deadline, brokering the first futures trade on the SGX Platts Marine Fuel 0.5% FOB Singapore Index.

FIS in the forefront

The trade, concluded for the March 2020 contract at $503 per tonne, once again puts FIS at the forefront of bringing to the market new products that enable our international customer base to hedge their physical commodity risk exposure.

“The volatility and price risks for shipping...

http://mfame.guru/futures-contracts-to-enable-charterers-hedge-bunker-fuel-risk/