Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View No information provided. 3. Summary by Relevant Catalogs Rotterdam Fuel Oil Swap Data - From March 23 - 27, 2026, the price of Rotterdam 3.5% HSF O swap M1 increased by 10.98, Rotterdam 0.5% VLS FO swap M1 increased by 12.88, Rotterdam HSFO - Brent M1 decreased by 0.23, Rotterdam 10ppm Gasoil swap M1 increased by 28.19, Rotterdam VLSFO - Gasoil M1 decreased by 15.31, Rotterdam VLSFO - HSFO M1 decreased by 0.87, and Rotterdam VLSFO - HSFO M1 increased by 1.90 [1] Singapore Fuel Oil Swap Data - During March 23 - 27, 2026, the price of Singapore 380cst M1 increased by 48.42, Singapore 180cst M1 increased by 48.17, Singapore VLSFO M1 increased by 39.11, Singapore Gasoil M1 increased by 18.49, Singapore 380cst - Brent M1 increased by 4.03, and Singapore VLSFO - Gasoil M1 decreased by 97.71 [1] Singapore Fuel Oil Spot Data - From March 23 - 27, 2026, the FOB 380cst price increased by 54.97, FOB VLSFO price increased by 39.22, 380 - cst basis increased by 9.25, high - sulfur internal - external price difference decreased by 15.2, and low - sulfur internal - external price difference increased by 18.0 [2] Domestic FU Data - During March 23 - 27, 2026, FU 01 increased by 40, FU 05 increased by 71, FU 09 increased by 49, FU 01 - 05 decreased by 31, FU 05 - 09 increased by 22, and FU 09 - 01 increased by 9 [2] Domestic LU Data - From March 23 - 27, 2026, LU 01 increased by 37, LU 05 increased by 91, LU 09 increased by 137, LU 01 - 05 decreased by 54, LU 05 - 09 decreased by 46, and LU 09 - 01 increased by 100 [3]

Group 1: Rotterdam Fuel Oil Data - Rotterdam 3.5% HSF O swap M1 price on 2026/03/20 was 641.86, and on 2026/03/26 it was 598.42, with a change of 17.46 [1] - Rotterdam 0.5% VLS FO swap M1 price on 2026/03/20 was 688.22, and on 2026/03/26 it was 631.44, with a change of 22.79 [1] - Rotterdam HSFO - Brent M1 on 2026/03/20 was -3.95, and on 2026/03/26 it was -5.60, with a change of -0.61 [1] - Rotterdam 10ppm Gasoil swap M1 price on 2026/03/20 was 1213.38, and on 2026/03/26 it was 1178.00, with a change of 109.06 [1] - Rotterdam VLSFO - Gasoil M1 on 2026/03/20 was -525.16, and on 2026/03/26 it was -546.56, with a change of -86.27 [1] - LGO - Brent M1 on 2026/03/20 was 47.61, and on 2026/03/26 it was 47.00, with a change of 7.94 [1] - Rotterdam VLSFO - HSFO M1 on 2026/03/20 was 46.36, and on 2026/03/26 it was 33.02, with a change of 5.33 [1] Group 2: Singapore Fuel Oil Data - Singapore 380cst M1 price on 2026/03/20 was 669.55, and on 2026/03/26 it was 647.82 [1] - Singapore 180cst M1 price on 2026/03/20 was 655.22, and on 2026/03/26 it was 656.93 [1] - Singapore VLSFO M1 price on 2026/03/20 was 820.44, and on 2026/03/26 it was 765.34 [1] - Singapore Gasoil M1 price on 2026/03/20 was 173.34, and on 2026/03/26 it was 172.79 [1] - Singapore 380cst - Brent M1 on 2026/03/20 was 1.99, and on 2026/03/26 it was 2.19 [1] - Singapore VLSFO - Gasoil M1 on 2026/03/20 was -462.28, and on 2026/03/26 it was -513.31 [1] Group 3: Singapore Fuel Oil Spot Data - FOB 380cst price on 2026/03/20 was 738.90, and on 2026/03/26 it was 657.79, with a change of 26.17 [2] - FOB VLSFO price on 2026/03/20 was 930.42, and on 2026/03/26 it was 805.93, with a change of 6.31 [2] - 380 basis on 2026/03/20 was 60.65, and on 2026/03/26 it was 27.75, with a change of 1.75 [2] - High - sulfur internal - external price difference on 2026/03/20 was 11.5, and on 2026/03/26 it was -6.5, with a change of -25.7 [2] - Low - sulfur internal - external price difference on 2026/03/20 was 130.5, and on 2026/03/26 it was 59.3, with a change of -18.1 [2] Group 4: Domestic FU Data - FU 01 price on 2026/03/20 was 3787, and on 2026/03/26 it was 3720, with a change of 69 [2] - FU 05 price on 2026/03/20 was 4756, and on 2026/03/26 it was 4393, with a change of 45 [2] - FU 09 price on 2026/03/20 was 4153, and on 2026/03/26 it was 4009, with a change of 119 [2] - FU 01 - 05 on 2026/03/20 was -969, and on 2026/03/26 it was -673, with a change of 24 [2] - FU 05 - 09 on 2026/03/20 was 603, and on 2026/03/26 it was 384, with a change of -74 [2] - FU 09 - 01 on 2026/03/20 was 366, and on 2026/03/26 it was 289, with a change of 50 [2] Group 5: Domestic LU Data - LU 01 price on 2026/03/20 was 4378, and on 2026/03/26 it was 4381, with a change of 172 [3] - LU 05 price on 2026/03/20 was 5592, and on 2026/03/26 it was 5066, with a change of -93 [3] - LU 09 price on 2026/03/20 was 4740, and on 2026/03/26 it was 4629, with a change of 124 [3] - LU 01 - 05 on 2026/03/20 was -1214, and on 2026/03/26 it was -685, with a change of 265 [3] - LU 05 - 09 on 2026/03/20 was 852, and on 2026/03/26 it was 437, with a change of -217 [3] - LU 09 - 01 on 2026/03/20 was 362, and on 2026/03/26 it was 248, with a change of -48 [3]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No relevant information provided 3. Summary by Related Catalogs Rotterdam Fuel Oil - From March 17 - 23, 2026, the price of Rotterdam 3.5% HSF O swap M1 decreased by 57.66, Rotterdam 0.5% VLS FO swap M1 decreased by 59.25, Rotterdam HSFO - Brent M1 increased by 0.10, Rotterdam 10ppm Gasoil swap M1 decreased by 107.50, Rotterdam VLSFO - Gasoil M1 increased by 48.25, LGO - Brent M1 increased by 4.19, and Rotterdam VLSFO - HSFO M1 decreased by 1.59 [1] Singapore Fuel Oil - From March 17 - 23, 2026, the price of Singapore 380cst M1 decreased by 32.35, Singapore 180cst M1 decreased by 13.77, Singapore VLSFO M1 decreased by 70.47, Singapore Gasoil M1 decreased by 12.68, Singapore 380cst - Brent M1 increased by 2.51, and Singapore VLSFO - Gasoil M1 increased by 23.37 [1] Singapore Fuel Oil Spot - From March 17 - 23, 2026, the FOB 380cst price increased by 44.94, FOB VLSFO price increased by 23.63, 380 - base difference decreased by 7.20, high - sulfur internal - external price difference increased by 14.9, and low - sulfur internal - external price difference decreased by 6.6 [2] Domestic FU - From March 17 - 23, 2026, FU 01 increased by 217, FU 05 increased by 304, FU 09 increased by 281, FU 01 - 05 decreased by 87, FU 05 - 09 increased by 23, and FU 09 - 01 increased by 64 [2] Domestic LU - From March 17 - 23, 2026, LU 01 increased by 151, LU 05 increased by 388, LU 09 increased by 338, LU 01 - 05 decreased by 237, LU 05 - 09 increased by 50, and LU 09 - 01 increased by 187 [3]

1. Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. 2. Core View of the Report - There is no clear core view presented in the provided content. The content mainly consists of fuel oil price data from different regions and time periods. 3. Summary by Relevant Catalogs Rotterdam Fuel Oil Data - The prices of Rotterdam 3.5% HSF O swap M1, Rotterdam 0.5% VLS FO swap M1, and other related products showed various changes from March 12 to March 18, 2026. For example, the Rotterdam 3.5% HSF O swap M1 increased by 52.26, and the Rotterdam 0.5% VLS FO swap M1 increased by 54.42 [1]. Singapore Fuel Oil Data - Singapore fuel oil data including 380cst M1, 180cst M1, VLSFO M1, etc., also had price changes during the same period. For instance, the Singapore 380cst M1 increased by 35.33 [1]. Singapore Fuel Oil Spot Data - The FOB 380cst and FOB VLSFO prices in Singapore had fluctuations, and the high - sulfur and low - sulfur internal - external price differences also changed. The high - sulfur internal - external price difference decreased by 4.5, and the low - sulfur internal - external price difference increased by 19.8 [2]. Domestic FU Data - Domestic FU contract prices (FU 01, FU 05, FU 09) and their spreads (FU 01 - 05, FU 05 - 09, FU 09 - 01) changed from March 12 to March 18, 2026. For example, FU 01 decreased by 72, and FU 01 - 05 increased by 70 [2]. Domestic LU Data - Domestic LU contract prices (LU 01, LU 05, LU 09) and their spreads (LU 01 - 05, LU 05 - 09, LU 09 - 01) also had changes. LU 01 decreased by 28, and LU 01 - 05 increased by 120 [3].

Group 1 - Report's Investment Rating - No information about the industry investment rating is provided in the given content Group 2 - Core View of the Report - No clear core view of the report is presented in the provided materials Group 3 - Fuel Oil Market Data Summary Rotterdam Market - From March 4 to March 10, 2026, the price of Rotterdam 3.5% HSFO swap M1 decreased by 49.02, Rotterdam 0.5% VLSFO swap M1 decreased by 39.18, Rotterdam HSFO - Brent M1 decreased by 2.50, Rotterdam 10ppm Gasoil swap M1 decreased by 80.19, Rotterdam VLSFO - GO M1 increased by 41.01, LGO - Brent M1 increased by 0.52, and Rotterdam VLSFO - HSFO M1 increased by 9.84 [3] Singapore Market - From March 4 to March 6, 2026, the price of Singapore 380cst M1 increased from 531.10 to 581.48, Singapore 180cst M1 increased from 533.77 to 589.23, Singapore VLSFO M1 increased from 586.92 to 640.63, Singapore GO M1 decreased from 123.39 to 120.76, Singapore 380cst - Brent M1 increased from 3.45 to 10.38, and Singapore VLSFO - GO M1 increased from -326.17 to -252.99 [3] Singapore Fuel Oil Spot - From March 4 to March 10, 2026, the high - sulfur internal - external price difference increased by 9.2, and the low - sulfur internal - external price difference decreased by 24.8 [4] Domestic FU - From March 4 to March 10, 2026, FU 01 decreased by 204, FU 05 decreased by 162, FU 09 decreased by 188, FU 01 - 05 decreased by 42, FU 05 - 09 increased by 26, and FU 09 - 01 increased by 16 [4] Domestic LU - From March 4 to March 10, 2026, LU 01 decreased by 373, LU 05 decreased by 124, LU 09 decreased by 320, LU 01 - 05 decreased by 249, LU 05 - 09 increased by 196, and LU 09 - 01 increased by 53 [5] Fuel Oil Morning Report - From March 9 to March 10, 2026, the values in the fuel oil morning report changed as follows: the first value decreased by 175.69, the second value decreased by 234.01, the third value decreased by 151.62, the fourth value decreased by 21.90, the fifth value decreased by 13.84, and the sixth value increased by 10.44 [13]

Group 1: Rotterdam Fuel Oil Data - Rotterdam 3.5% HSF O swap M1 price changed by 2.74 from 2026/02/25 to 2026/02/26 [1] - Rotterdam 0.5% VLS FO swap M1 price changed by 2.48 from 2026/02/25 to 2026/02/26 [1] - Rotterdam HSFO - Brent M1 spread changed by 0.10 from 2026/02/25 to 2026/02/26 [1] - Rotterdam 10ppm Gasoil swap M1 price changed by 10.39 from 2026/02/25 to 2026/02/26 [1] - Rotterdam VLSFO - Gasoil M1 spread changed by -7.91 from 2026/02/25 to 2026/02/26 [1] - LGO - Brent M1 spread remained unchanged at 25.59 from 2026/02/25 to 2026/02/26 [1] - Rotterdam VLSFO - HSFO M1 spread changed by -0.26 from 2026/02/25 to 2026/02/26 [1] Group 2: Singapore Fuel Oil Data - Singapore 380cst M1 price changed by 3.34 from 2026/02/25 to 2026/02/26 [1] - Singapore 180cst M1 price changed by 7.34 from 2026/02/25 to 2026/02/26 [1] - Singapore VLSFO M1 price changed by 9.50 from 2026/02/25 to 2026/02/26 [1] - Singapore Gasoil M1 price changed by 0.27 from 2026/02/25 to 2026/02/26 [1] - Singapore 380cst - Brent M1 spread changed by 0.39 from 2026/02/25 to 2026/02/26 [1] - Singapore VLSFO - Gasoil M1 spread changed by 7.50 from 2026/02/25 to 2026/02/26 [1] Group 3: Singapore Fuel Oil Spot Data - Singapore FOB 380cst price changed by 5.46 from 2026/02/25 to 2026/02/26 [2] - Singapore FOB VLSFO price changed by 5.63 from 2026/02/25 to 2026/02/26 [2] - 380cst basis changed by 0.80 from 2026/02/25 to 2026/02/26 [2] - High - sulfur internal - external price difference changed by -1.5 from 2026/02/25 to 2026/02/26 [2] - Low - sulfur internal - external price difference changed by -2.0 from 2026/02/25 to 2026/02/26 [2] Group 4: Domestic FU Data - FU 01 price changed by 17 from 2026/02/25 to 2026/02/26 [2] - FU 05 price changed by 44 from 2026/02/25 to 2026/02/26 [2] - FU 09 price changed by 33 from 2026/02/25 to 2026/02/26 [2] - FU 01 - 05 spread changed by -27 from 2026/02/25 to 2026/02/26 [2] - FU 05 - 09 spread changed by 11 from 2026/02/25 to 2026/02/26 [2] - FU 09 - 01 spread changed by 16 from 2026/02/25 to 2026/02/26 [2] Group 5: Domestic LU Data - LU 01 price changed by -7 from 2026/02/25 to 2026/02/26 [3] - LU 05 price changed by 24 from 2026/02/25 to 2026/02/26 [3] - LU 09 price changed by 27 from 2026/02/25 to 2026/02/26 [3] - LU 01 - 05 spread changed by -31 from 2026/02/25 to 2026/02/26 [3] - LU 05 - 09 spread changed by -3 from 2026/02/25 to 2026/02/26 [3] - LU 09 - 01 spread changed by 34 from 2026/02/25 to 2026/02/26 [3]

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - No clear overall core view presented in the given content 3. Summary by Related Catalogs Rotterdam Fuel Oil - On February 25, 2026, compared with the previous day, the price of Rotterdam 3.5% HSF O swap M1 increased by 6.03, Rotterdam 0.5% VLS FO swap M1 increased by 2.03, Rotterdam HSFO - Brent M1 increased by 0.95, Rotterdam 10ppm Gasoil swap M1 increased by 6.41, Rotterdam VLSFO - Gasoil M1 decreased by 4.38, LGO - Brent M1 remained unchanged, and Rotterdam VLSFO - HSFO M1 decreased by 4.00 [1] Singapore Fuel Oil - In the Singapore market, on February 25, 2026, compared with the previous day, the price of Singapore 380cst M1 increased by 19.48, Singapore 180cst M1 increased by 16.82, Singapore VLSFO M1 increased by 2.46, Singapore GO M1 increased by 0.63, Singapore 380cst - Brent M1 increased by 3.38, and Singapore VLSFO - Gasoil M1 decreased by 2.20 [1] Singapore Fuel Oil Spot - For the Singapore fuel oil spot, on February 25, 2026, compared with the previous day, FOB 380cst increased by 8.30, FOB VLSFO decreased by 1.59, the 380 - basis decreased by 0.25, the high - sulfur internal - external spread increased by 1.8, and the low - sulfur internal - external spread decreased by 0.7 [2] Domestic FU - In the domestic FU market, on February 25, 2026, compared with the previous day, FU 01 increased by 6, FU 05 increased by 1, FU 09 increased by 7, FU 01 - 05 increased by 5, FU 05 - 09 decreased by 6, and FU 09 - 01 increased by 1 [2] Domestic LU - In the domestic LU market, on February 25, 2026, compared with the previous day, LU 01 decreased by 20, LU 05 decreased by 42, LU 09 decreased by 52, LU 01 - 05 increased by 22, LU 05 - 09 increased by 10, and LU 09 - 01 decreased by 32 [3]

Group 1: Rotterdam Fuel Oil Data - Key Point 1: The data shows the prices of different types of fuel oil in Rotterdam from February 10 to February 24, 2026, including 3.5% HSF O swap M1, 0.5% VLS FO swap M1, etc. For example, on February 10, 2026, the price of 3.5% HSF O swap M1 was 375.29, and on February 24, it was 390.46, with a change of 26.22 [1] Group 2: Singapore Fuel Oil Data - Key Point 1: The prices of Singapore fuel oil from February 10 to February 24, 2026 are presented, such as Singapore 380cst M1, Singapore 180cst M1, and Singapore VLSFO M1. On February 10, 2026, the price of Singapore 380cst M1 was 403.97, and on February 24, it had corresponding changes [1] - Key Point 2: The Singapore fuel oil spot data from February 10 to February 24, 2026 is given, including FOB 380cst, FOB VLSFO, 380 - basis, high - sulfur internal - external price difference, and low - sulfur internal - external price difference. For instance, on February 10, 2026, the FOB 380cst was 425.17, and on February 24, it was 412.02, with a change of - 18.65 [2] Group 3: Domestic FU Data - Key Point 1: The prices of domestic FU contracts (FU 01, FU 05, FU 09) and their spreads (FU 01 - 05, FU 05 - 09, FU 09 - 01) from February 10 to February 24, 2026 are shown. For example, on February 10, 2026, the price of FU 01 was 2646, and on February 24, it was 2725, with a change of 102 [2] Group 4: Domestic LU Data - Key Point 1: The prices of domestic LU contracts (LU 01, LU 05, LU 09) and their spreads (LU 01 - 05, LU 05 - 09, LU 09 - 01) from February 10 to February 24, 2026 are provided. On February 10, 2026, the price of LU 01 was 3285, and on February 24, it was 3473, with a change of 213 [3]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - This week, the near - month spread of Singapore 380cst decreased, the crack spread fluctuated downward, the Singapore residue inventory increased significantly, and the internal - external spread of FU weakened. The low - sulfur crack spread fluctuated, the spread was in a low - level oscillation, and the basis weakened. In terms of inventory, Singapore fuel oil inventory increased significantly, EIA residue inventory increased slightly, ARA residue inventory decreased, and Fujeirah inventory decreased. Under the new situation in Venezuela, heavy oil logistics is tilted towards the United States, Canadian heavy oil is seeking new buyers. Recently, there has been concentrated arrival in the Singapore high - sulfur market, the EW spread weakened, the Iranian situation affects heavy oil valuation, the internal - external spread of FU is short - term bearish, and the low - sulfur external market maintains weak operation [6][7]. 3. Summary by Relevant Catalogs Rotterdam Fuel Oil Data - From February 5th to 11th, 2026, the price of Rotterdam 3.5% HSF O swap M1 increased from 365.13 to 378.65, a change of 3.36; the price of Rotterdam 0.5% VLS FO swap M1 increased from 411.49 to 425.33, a change of 5.15; the Rotterdam HSFO - Brent M1 decreased from - 9.29 to - 9.40, a change of - 0.40; the Rotterdam 10ppm Gasoil swap M1 increased from 658.02 to 663.59, a change of 6.27; the Rotterdam VLSFO - Gasoil M1 decreased from - 246.53 to - 238.26, a change of - 1.12; the LGO - Brent M1 remained unchanged at 21.50; the Rotterdam VLSFO - HSFO M1 increased from 46.36 to 46.68, a change of 1.79 [4]. Singapore Fuel Oil Data - **Swap Data**: From February 5th to 11th, 2026, the price of Singapore 380cst M1 increased from 401.23 to 408.21, a change of 4.24; the price of Singapore 180cst M1 increased from 403.90 to 413.90, a change of 3.93; the price of Singapore VLSFO M1 increased from 462.92 to 467.23, a change of 5.15; the price of Singapore Gasoil M1 increased from 87.10 to 87.55, a change of 0.34; the Singapore 380cst - Brent M1 increased from - 4.43 to - 3.64, a change of 0.99; the Singapore VLSFO - Gasoil M1 increased from - 181.62 to - 180.64, a change of 2.63 [4][12]. - **Spot Data**: From February 5th to 11th, 2026, the FOB 380cst price increased from 425.18 to 431.06, a change of 5.89; the FOB VLSFO price increased from 461.76 to 467.37, a change of 6.42; the 380 - basis decreased from 12.25 to 14.05, a change of - 0.05; the high - sulfur internal - external spread increased from 14.8 to 12.4, a change of 0.4; the low - sulfur internal - external spread increased from 18.6 to 21.0, a change of 2.5 [5]. Domestic FU Data - From February 5th to 11th, 2026, the price of FU 01 increased from 2626 to 2648, a change of 2; the price of FU 05 increased from 2804 to 2860, a change of 15; the price of FU 09 increased from 2710 to 2751, a change of 10; the FU 01 - 05 spread decreased from - 178 to - 212, a change of - 13; the FU 05 - 09 spread increased from 94 to 109, a change of 5; the FU 09 - 01 spread increased from 84 to 103, a change of 8 [5]. Domestic LU Data - From February 5th to 11th, 2026, the price of LU 01 increased from 3261 to 3302, a change of 17; the price of LU 05 increased from 3281 to 3351, a change of 49; the price of LU 09 increased from 3270 to 3312, a change of 34; the LU 01 - 05 spread decreased from - 20 to - 49, a change of - 32; the LU 05 - 09 spread increased from 11 to 39, a change of 15; the LU 09 - 01 spread increased from 9 to 10, a change of 17 [6].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - This week, the near - month spread of Singapore 380cst declined, the crack spread fluctuated downward, the Singapore residue oil inventory increased significantly, and the internal - external spread of FU weakened. The low - sulfur crack spread fluctuated, the spread was in low - level oscillation, and the basis weakened. In terms of inventory, Singapore fuel oil inventory increased significantly, EIA residue oil increased slightly, ARA residue oil decreased, and Fujairah inventory decreased. Under the new situation in Venezuela, heavy oil logistics is inclined towards the United States, Canadian heavy oil is seeking new buyers. Recently, there has been concentrated arrival of high - sulfur fuel oil in the Singapore market, the EW spread weakened, the Iranian situation affects the valuation of heavy oil, the internal - external spread of FU is bearish in the short term, and the low - sulfur external market maintains a weak operation [6][7]. 3. Summary According to Relevant Catalogs Rotterdam Fuel Oil Data | Product | 2026/02/04 | 2026/02/05 | 2026/02/06 | 2026/02/09 | 2026/02/10 | Change | | --- | --- | --- | --- | --- | --- | --- | | Rotterdam 3.5% HSF O swap M1 | 363.79 | 365.13 | 371.54 | 375.60 | 376.36 | 0.76 | | Rotterdam 0.5% VLS FO swap M1 | 413.32 | 411.49 | 418.28 | 422.78 | 422.08 | - 0.70 | | Rotterdam HSFO - Brent M1 | - 9.48 | - 9.29 | - 9.32 | - 9.21 | - 9.10 | 0.11 | | Rotterdam 10ppm Gasoil swap M1 | 657.55 | 658.02 | 668.55 | 665.89 | 658.66 | - 7.23 | | Rotterdam VLSFO - Gasoil M1 | - 244.23 | - 246.53 | - 250.27 | - 243.11 | - 236.58 | 6.53 | | LGO - Brent M1 | 20.61 | 22.58 | 23.46 | 22.24 | 22.24 | 0.00 | | Rotterdam VLSFO - HSFO M1 | 49.53 | 46.36 | 46.74 | 47.18 | 45.72 | - 1.46 | [4] Singapore Fuel Oil Data | Product | 2026/02/04 | 2026/02/05 | 2026/02/06 | 2026/02/09 | 2026/02/10 | Change | | --- | --- | --- | --- | --- | --- | --- | | Singapore 380cst M1 | 393.37 | 401.23 | 400.01 | 394.76 | 405.18 | 10.42 | | Singapore 180cst M1 | 401.93 | 403.90 | 406.64 | 401.40 | 410.93 | 9.53 | | Singapore VLSFO M1 | 456.15 | 462.92 | 458.80 | 453.81 | 464.90 | 11.09 | | Singapore Gasoil M1 | 86.75 | 87.10 | 87.81 | 86.24 | 86.87 | 0.63 | | Singapore 380cst - Brent M1 | - 4.96 | - 4.43 | - 4.63 | - 4.72 | - 4.61 | 0.11 | | Singapore VLSFO - Gasoil M1 | - 185.80 | - 181.62 | - 190.99 | - 184.37 | - 177.94 | 6.43 | [4] Singapore Fuel Oil Spot Data | Product | 2026/02/04 | 2026/02/05 | 2026/02/06 | 2026/02/09 | 2026/02/10 | Change | | --- | --- | --- | --- | --- | --- | --- | | FOB 380cst | 418.04 | 425.18 | 422.89 | 416.35 | 425.17 | 8.82 | | FOB VLSFO | 454.22 | 461.76 | 457.17 | 453.06 | 460.95 | 7.89 | | 380 basis | 13.25 | 12.25 | 12.05 | 13.25 | 14.10 | 0.85 | | High - sulfur internal - external spread | 15.8 | 14.8 | 13.9 | 12.9 | 12.0 | - 0.9 | | Low - sulfur internal - external spread | 17.3 | 18.6 | 18.6 | 17.1 | 18.5 | 1.4 | [5] Domestic FU Data | Product | 2026/02/04 | 2026/02/05 | 2026/02/06 | 2026/02/09 | 2026/02/10 | Change | | --- | --- | --- | --- | --- | --- | --- | | FU 01 | 2621 | 2626 | 2640 | 2621 | 2646 | 25 | | FU 05 | 2779 | 2804 | 2831 | 2794 | 2845 | 51 | | FU 09 | 2692 | 2710 | 2739 | 2701 | 2741 | 40 | | FU 01 - 05 | - 158 | - 178 | - 191 | - 173 | - 199 | - 26 | | FU 05 - 09 | 87 | 94 | 92 | 93 | 104 | 11 | | FU 09 - 01 | 71 | 84 | 99 | 80 | 95 | 15 | [5] Domestic LU Data | Product | 2026/02/04 | 2026/02/05 | 2026/02/06 | 2026/02/09 | 2026/02/10 | Change | | --- | --- | --- | --- | --- | --- | --- | | LU 01 | 3278 | 3261 | 3307 | 3265 | 3285 | 20 | | LU 05 | 3260 | 3281 | 3293 | 3249 | 3302 | 53 | | LU 09 | 3242 | 3270 | 3288 | 3226 | 3278 | 52 | | LU 01 - 05 | 18 | - 20 | 14 | 16 | - 17 | - 33 | | LU 05 - 09 | 18 | 11 | 5 | 23 | 24 | 1 | | LU 09 - 01 | - 36 | 9 | - 19 | - 39 | - 7 | 32 | [6]