Residual Fuel Oil
Resid: HSFO
Market reaction to Venz FO curtailment into Asia pushed up 180 EW.
However there are HSSR barrels on water thus we are still 2-3 months away from any supply shortage in the HSFO pool in the East.
Resid: 0.5
0.5% blend margins in Sing continue to be weak, which is close to zero after factoring in ~$5/t blend costs
Dangote LSSR is still flooding the market with the RFCC down for entire Jan
Mid sulphur components are making their way into the HSFO blend pool
