Fujairah’s LSMGO premium over Singapore widens by around $180/mt since September

AI Summary

Fujairah’s low-sulphur marine gasoil (LSMGO) premium over Singapore has widened to about $430 per metric ton, compared with roughly $250 at the start of September. October’s monthly average reached around $1,720 per metric ton, while supplies of LSMGO and high-sulphur fuel oil at the UAE port remain limited.

Fujairah’s LSMGO price stood around $430/mt above Singapore’s this week, up from around $250/mt at the start of September. Fujairah’s LSMGO monthly average reached around $1,720/mt in October, the highest since November 2021. The port’s premium over Singapore was around $460/mt on 19 October. Supplies of LSMGO and HSFO at the UAE port remain limited, ...