Singapore MOC fuel oil swaps trade volume hits 3-month low in Jan as HSFO deals fall

The volume of Singapore fuel oil derivatives traded during the Platts Market on Close assessment process in January dropped 22.8% month over month to 10.79 million barrels as the overall volumes of high sulfur fuel oil trades decreased for a second straight month, Platts, part of S&P Global Energy, data showed. The total fuel oil swaps trades, which hit a five-month high of 15.14 million barrelsThe volume of Singapore fuel oil derivatives traded during the Platts Market on Close assessment process in January dropped 22.8% month over month to 10.79 million barrels as the overall volumes of high sulfur fuel oil trades decreased for a second straight month, Platts, part of S&P Global Energy, data showed. The total fuel oil swaps trades, which hit a five-month high of 15.14 million barrelsRead More