Market Outlook
Press

HSFO discounts shrink, contango narrows

Cross BarrelCrudeDistillateFreightFuel OilGasolineJetNaphtha
Analyst briefsChart packsDeep divesEventsOpinionsPodcastsPressWebinarsWhitepapers
Published16 JUL 25 - 11:33 Reading time  minutes

“380 East-West August contract is at 10-year low, with HSFO cracks likely remaining weak as refineries still are running at max in the prompt to make diesel,” Sparta Commodities’ analyst June Goh said in a note.

Reuters, July 16, 2025 – Asia’s high sulphur fuel oil (HSFO) market firmed as cash discounts narrowed and the 380-cst contango slimmed to just 11 cents. June Goh of Sparta Commodities noted HSFO cracks remain weak with refineries maximising diesel output, and the 380 East–West August contract at a 10-year low. Recent trades in Singapore lifted sentiment, with 380-cst cash differentials improving from the previous session’s wider discounts.

Read the full article here.

Topics Crude
Author

June Goh

Senior Oil Market Analyst

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Continue reading

  • New
  • Analyst brief
  • Crude

Sing 95/92 crunches

Sing 95/92 crunches

12 MAY 26 - 10:17

  • New
  • Deep dive
  • Crude

Time for physical to shine

Lack of deal breakthrough should see global refining step out to buy up barrels.

11 MAY 26 - 13:01

  • New
  • Analyst brief
  • Crude

The calm in physical won’t last forever

Plenty market chatter about the incredible weak state of crude diffs with North Sea almost below...

08 MAY 26 - 13:01

  • New
  • Analyst brief
  • Freight

MR ballaster build: supply pressure mounting across key regions

MR ballaster counts have risen sharply over the past two weeks, with the most pronounced moves in...

08 MAY 26 - 10:01

subscribe_cta_image

Real time alerts, set to your specifications

Subscribe