MGO splits two ways; VLSFO spread Antwerp–Salvador worth $678k on a 1,200t stem

MGO moved in opposite directions today. The Baltic and Russian terminals all printed lower by a similar amount — Vysotsk −59.00 to $1,705.50, Primorsk −62.00 to $1,702.25, Ust-Luga −59.50 to $1,690.50, Murmansk −61.75 to $1,716.00 — and the Indian east coast followed: Haldia −97.00 to $1,798.00, Tuticorin −90.00 and Chennai −90.00 to $1,585.00. NW Europe went the other way: Bergen +126.75 to $1,703.75, Skagen +85.00 to $1,498.50, Rotterdam +83.50 to $1,416.50, Valencia and Algeciras both +80.50. HSFO was bid at the major hubs — Rotterdam +55.00 to $665.00, Fujairah +89.49 to $722.00, Gibraltar +56.00 to $718.17, Port Louis +80.00 to $962.00. Brent $103.10, WTI $90.55, EUA €86.88.