East/West HSFO paper spread nears 4-year high as West weakens, Singapore tightens

The East/West swap spread for high sulfur fuel oil climbed to its strongest level in nearly four years, reflecting a widening disconnect between a soft European complex and a firmer Asian market. Platts, part of S&P Global Energy, assessed the front-month paper East/West spread — the difference between 3.5% FOB Singapore cargoes and the equivalent Rotterdam barge value — at $39.25/mt on Jan. 27,The East/West swap spread for high sulfur fuel oil climbed to its strongest level in nearly four years, reflecting a widening disconnect between a soft European complex and a firmer Asian market. Platts, part of S&P Global Energy, assessed the front-month paper East/West spread — the difference between 3.5% FOB Singapore cargoes and the equivalent Rotterdam barge value — at $39.25/mt on Jan. 27,Read More