18SEP2019 - NEWS - Singapore bunker premiums scale new highs as HSFO market prices in Saudi attacks

Bunker premiums in Singapore have climbed to new historical highs, underpinned by the strength in the high sulfur fuel oil cargo market, on concerns of increasingly limited supply of the high sulfur fuel grade in light of last Saturday's attacks on key Saudi Arabian oil facilities.

The ex-wharf Singapore 380 CST bunker fuel premium jumped to a brand new record high of $65.10/mt over the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments at Tuesday's Asian close, Platts data showed.
The delivered premium for Singapore 380 CST bunker fuel also widened to a brand new record of $76.10/mt Tuesday, the data showed.