Asia High-Sulfur Fuel Oil Cracks Close at Record Highs

Asian high-sulphur fuel oil cracks have reached record highs due to strong demand and limited supply. The price of HSFO in Singapore has risen to $320 per barrel, while the price in Rotterdam has reached $315 per barrel. The increase in prices is attributed to the low availability of HSFO, which is used in power generation and industrial applications. The high demand for HSFO is also driven by the increasing use of gas-to-liquid (GTL) technology, which requires HSFO as a feedstock.