Asia Fuel Oil-HSFO cash differentials trade in discounts

NEW DELHI, Jan 12 (Reuters) - Asia's high sulphur fuel oil (HSFO) spot differentials continued to trade in discounts on Monday although expectation of tight supply-demand fundamentals persisted amid Venezuelan oil reshuffling.

Cash differentials for Asia 380-cst HSFO traded at a discount of $1.22 per ton to Singapore quotes, while 180-cst grade traded at a discount of $4.70 a ton.

OTHER NEWS

- At least six oil tankers, most of them loaded, that had departed Venezuela in early January in 'dark mode' - or with their transponders off amid a strict U.S. blockade - are now back in the South American country's waters, according to state company PDVSA and monitoring service TankerTrackers.com.

- U.S. President Donald Trump signed an executive order aimed at blocking courts or creditors from impounding revenue tied to the sale of Venezuelan oil held in U.S. Treasury accounts, the White House said on Saturday.

- Commodities trader Vitol is expected to load the first cargo of naphtha from the U.S. to Venezuela this weekend under a new supply agreement announced just days ago by President Donald Trump, two sources familiar with the matter told Reuters on Saturday.

WINDOW TRADES O/AS

- 180-cst HSFO: One trade

- 380-cst HSFO: No trade

- 0.5% VLSFO: No trade

ASSESSMENTS