<p>SINGAPORE, March 4 (Reuters) - Asia’s high sulphur fuel oil (HSFO) cracks reached new highs on Wednesday, while spot fuel oil differentials also extended their gains.</p>
<p>Singapore’s April 380-cst HSFO/Dubai crack  (FO380DUBCKMc1)  closed at $7.84 a barrel, the highest ever on record, based on LSEG data.</p>
<p>Meanwhile, the more actively traded HSFO/Brent crack (FO380BRTCKMc1)  rose to a fresh high near $5 a barrel during the session, before easing to $3.45 a barrel at the close (0830 GMT).</p>
<p>As for very low sulphur fuel oil (VLSFO), gains in cracks were slightly more tempered. April crack  (LFO05SGBRTCMc1)  closed at a premium near $12.25 a barrel on Tuesday, rangebound from the previous day.</p>
<p>In the spot market, cargo premiums extended gains as bids edged higher through the week, while bunker premiums also saw an uplift. Premiums for delivered marine for both 380-cst HSFO and VLSFO rose to their highest this year, based on trade sources.</p>
<h3>FUJAIRAH DATA</h3>
<ul>
<li>Fujairah heavy fuel inventories  (FUJHD04)  rose 4.5% to 8.22 million barrels (1.30 million tons) in the week to March 2, FOIZ data published by S&amp;P Global Commodity Insights showed.</li>
</ul>
<h3>OTHER NEWS</h3>
<ul>
<li>Oil prices rose 3% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could escort vessels through the Strait of Hormuz. (O/R)</li>
<li>Asian refiners dependent on Middle East crude are expected to cut output soon because they are unable to get prompt replacement cargoes after the U.S.-Iran war brought shipping in the Gulf to a standstill, four traders and three analysts said.</li>
<li>Totsa, the trading arm of TotalEnergies, has offered to sell up to 2 million barrels of April-loading Oman crude, traders said, the first tender for Middle East oil sales since the Iran war disrupted exports from the region.</li>
<li>Pakistan has asked Saudi Arabia to route oil supplies through the Red Sea port of Yanbu after the closure of the Strait of Hormuz disrupted shipping, the petroleum ministry said in a press release on Wednesday.</li>
</ul>
<h3>WINDOW TRADES  (O/AS)</h3>
<ul>
<li>180-cst HSFO: No trade</li>
<li>380-cst HSFO: Two trades</li>
<li>0.5% VLSFO: One trade</li>
</ul>
<h3>ASSESSMENTS</h3>
<h3>FUEL OIL</h3>
<h3>CASH ($/T)                  ASIA       CHANGE     PREV       RIC</h3>
<h3>CLOSE                 CLOSE</h3>
<p>Cargo - 0.5% VLSFO             617.10      17.01     600.09   (MFO05-SIN)</p>
<p>Diff - 0.5% VLSFO               16.00       5.45      10.55  

</p><blockquote></blockquote>
<p>Cargo - 180cst                 564.46      39.01     525.45   (FO180-SIN)</p>
<p>Diff - 180cst                   12.00       2.63       9.38  

</p><blockquote></blockquote>
<p>Cargo - 380cst                 562.58      40.03     522.55   (FO380-SIN)</p>
<p>Diff - 380cst                   13.80       3.65      10.15  

</p><blockquote></blockquote>
<p>Bunker (Ex-wharf) Premium       14.00       3.75      10.25</p>
<ul>
<li>380cst</li>
</ul>
<p>Bunker (Ex-wharf) Premium       16.25       5.50      10.75</p>
<ul>
<li>0.5% VLSFO</li>
</ul>
<p>For a list of derivatives prices, please refer</p>
<p>to ENSWAP/INFO or the RICs below:</p>
<p>180cst M1                     (FO180SGSWMc1)</p>
<p>180cst M1/M2                  (FO180SGSDMc1)</p>
<p>380cst M1                     (FO380SGSWMc1)</p>
<p>380cst M1/M2                  (FO380SGSDMc1)</p>
<p>0.5% VLSFO M1                 (LFO05FSGMc1)</p>
<p>0.5% VLSFO M1/M2              (LFO05FSGSMc1)</p>
<p>Cracks 180cst-Brent M1        (FO180BRTCKMc1)</p>
<p>Cracks 180cst-Dubai M1        (FO180SGCKMc1)</p>
<p>Cracks 380cst-Brent M1        (FO380BRTCKMc1)</p>
<p>Cracks 380cst-Dubai M1        (FO380DUBCKMc1)</p>
<p>Cracks 0.5% VLSFO-Brent M1    (LFO05SGBRTCMc1)</p>
<p>Cracks 0.5% VLSFO-Dubai M1    (LFO05SGDUBCMc1)</p>
<p>Visco 180cst/380cst M1        (FOVISSGDFMc1)</p>
<p>Hi-5 0.5% VLSFO/380cst M1     (FO05-380SGMc1)</p>
<p>GoFo 10PPM/0.5% VLSFO M1      (GO10FO05FSGMc1)</p>
<p>East-West M1                  (FOSGEWMc1)</p>
<p>Barges M1                     (HFOFARAAMc1)</p>
<p>Barges M1/M2                  (HFOFARAASMc1)</p>
<p>Crack Barges-Brent M1         (HFOFARAACMc1)</p>

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Asia Fuel Oil-HSFO cracks scale new highs while spot differentials extend climb