Singapore Nov term ex-wharf LSMGO differentials edge higher on tighter supply

Term contractual supply of November-loading barrels of Singapore ex-wharf low sulfur marine gasoil, with 0.1% sulfur, were inked at differentials of around minus $1/b against benchmark FOB Singapore 10 ppm sulfur gasoil cargo assessments, traders said. The differentials were mostly above the $1.50/b-$1.80/b discounts for October-loading contracts, with traders attributing the gradual strengthening of the LSMGO market to tighter-than-usual supply….Term contractual supply of November-loading barrels of Singapore ex-wharf low sulfur marine gasoil, with 0.1% sulfur, were inked at differentials of around minus $1/b against benchmark FOB Singapore 10 ppm sulfur gasoil cargo assessments, traders said. The differentials were mostly above the $1.50/b-$1.80/b discounts for October-loading contracts, with traders attributing the gradual strengthening of the LSMGO market to tighter-than-usual supply….Read More