A widening gap between European high sulfur cracked fuel oil prices and Singapore fuel oil swaps values has created arbitrage opportunities for shipping European product to the Far East,market watchers said Thursday.Singapore fuel oil swaps are currently valued at 264.87/mt for September and have climbed by 10.63/mt since June 27 pulled up by rising benchmark crude prices.Physical Rotterdam fuel oil barges,however,were trading at 241.75/mt on Wednesday,according Platts assessments,with healthy regional supply holding prices stable.With a differential of some 23.12/mt,shipping product from the Baltic and
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