31 July 2025
Widening Spreads: VLSFO Steady
While HSFO Hits Two-Year Low
Relative strength in Singapore VLSFO has disappeared
Two months ago, we wrote about how Singapore VLSFO prices had moved to a strong premium versus Brent crude. This took place in late April/early May, as crude prices fell sharply and bunker prices failed to follow. At the time Singapore VLSFO was about $40/mt ‘more expensive’ than if we had continued at a parity with crude.
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