Singapore 10 ppm Gasoil Swaps Surge

Asian 10 ppm sulfur gasoil one-year forward curve sustains above $100/b for fourth consecutive session / Asian gasoil complex bullish across 12 forward months / Q4-2026/Q1-2027 quarter spread rises 28.75% to $4.03/b

Jun 02, 2026

The FOB Singapore 10 ppm sulfur gasoil 12-month forward curve sustained above the $100/b level for four consecutive sessions as of the Asian close March 24. Bullishness in the complex was seen across the 12 forward months. The back of the forward curve has lifted in tandem with the surge in the front-quarter spreads over the past three Asian trading sessions since March 19.The Asian gasoil Q2-Q3 swaps time spread rose 15.27% to $28.08/b at the March 24 Asian close, compared to plus $24.36/b at the March 18 Asian close. The later Q3-Q4 quarter time spread increased 10.93% to plus $6.29/b over the same period, compared to plus $5.67/b at the Asian close on March 18. Furthest down the curve, the Q4-2026/Q1-2027 spread rose by the largest magnitude at 28.75%...

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