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Read more about Asian fuel oil margin hits a year high, supply tightness to persist in 2021 on Business Standard. The front-month VLSFO margin was at $15 per barrel above Dubai crude on Tuesday, its highest since Feb. 20 and up from $11.75 a barrel at the start of the year, according to Refinitiv data in Eikon
* Offshore Singapore stocks hit record low -analyst * Supply tightness could be theme for fuel oil market in 2021 -analyst SINGAPORE, Feb 11 (Reuters) - Supported by shrinking supplies and firm demand, Asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) rose to a one-year high this week, setting the stage for a trend that could persist throughout the year, traders and analysts said. “Tightness in the fuel oil complex will remain a common theme through 2021, especially as the tightness in crude ensures that any uptick in margins will be transferred straight to crude pro...
SINGAPORE: Asia is estimated to receive about two million tonnes of naphtha each in January and February from Europe, the Mediterranean and the United States, according to several trade sources and Refinitiv Oil Research. That would be an increase in the arbitrage flows to Asia from December, which were about 1.5 million tonnes, Refinitiv data showed a two-month low. Strong prices in Asia are pulling in more shipments from Russia, the Netherlands, Norway, and Mediterranean countries such as Algeria, Egypt and Greece, according to the data. As of Monday, the total volume of naphtha flowing int...
East-bound naphtha to rise to about 2 mln T each in Jan, February Asia is estimated to receive about 2 million tonnes of naphtha each in January and February from Europe, the Mediterranean and the United States, according to several trade sources and Refinitiv Oil Research. That would be an increase in the arbitrage flows to Asia from December, which were about 1.5 million tonnes, Refinitiv data shows, a two-month low. Strong prices in Asia are pulling in more shipments from Russia, the Netherlands, Norway, and Mediterranean countries such as Algeria, Egypt and Greece, according to the data. ...