Mean of Platts Singapore
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Mean of Platts Singapore or MOPS is a measure of fuel oil pricing in Singapore. It refers to the mean price of oil traded through Singapore as per the data from Platts, a commodity information and trading company.
MOPS typically will have a value referring to its premium over ex-wharf bunker fuel prices. When demand is low and the supply is good, premiums will be low or negative. Conversely, when demand is high and the supply is tight, premiums will be high or positive. Eg: Low sulphur fuel oil (LSFO) MOPS 380 cst +35.
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