Asia’s spot market differentials for key fuel oil grades were steady on Friday, with a flurry of trades emerging at the deals window for high sulphur fuel oil 380-cst grade.
Spot differentials of high sulphur fuel oil (HSFO) traded at a discount $6 per ton to cargo quotes, while differentials for very low sulphur fuel oil traded at a discount of $1.24 per ton.
Meanwhile, Iran’s Revolutionary Guards were reported by maritime security sources to have intercepted the Marshall Islands-flagged oil products tanker, Talara, taking it into Iranian waters, while the vessel’s manager said it had lost contact with the crew.
The tanker was previously sailing off the United Arab Emirates’ coast, maritime sources said on Friday, and was carrying a cargo of high-sulphur gasoil through the Indian Ocean en route to Singapore from Sharjah in the UAE.
WINDOW TRADES
– 180-cst HSFO: No trade
– 380-cst HSFO: Five trades
– 0.5% VLSFO: No trade
Source: Reuters
