Singapore 0.5% LSFO Premium Hits 2022 High

Asia and Middle East Fuel Oil Daily Market Analysis / 0.5%S marine fuel cash differential highest since July 2022 / 380 CST HSFO cash premium highest since Nov 2019

Jun 03, 2026

The Asian fuel oil market structures for both low sulfur and high sulfur fuel oil were seen surging further March 9, fueled by worries over near-term supplies amid robust downstream bunker demand as the USIsrael war with Iran continues. The Singapore marine fuel 0.5% balance March-April swaps time spread was pegged at a backwardation of $115.25/metric ton in midmorning trading March 9, compared with of $67.75/mt at the Asian close March 6. The April-May time spread was pegged at $109.75/mt in midmorning trading March 9, up from of $51.50/ mt at the Asian close March 6. the Singapore marine fuel 0.5%S cargo’s differential over the Mean of Singapore marine fuel 0.5%S assessment firmer for a seventh straight session at a premium of $51.25/mt at the Asian close March 6, the...

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