PetroBazaar

October 2023

  • HSFO VLSFO markets – 06-10-2023

    HSFO VLSFO markets – 06-10-2023

    Srinivas Chowdary Sunkara

    HSFO and VLSFO markets are under pressure as the prices are sagged down. high sulphur fuel oil (HSFO) markets are rolling down as the Asia’s HSFO markets slipped into deeper discounts on Thursday. On the flip side, very low sulphur fuel oil (VLSFO) prices softened after seeing a rally. On shore fuel oil stocks dived…

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  • Crude markets slumped – 06-10-2023

    Crude markets slumped – 06-10-2023

    Srinivas Chowdary Sunkara

    Brent Dec futures are trading at $84.21 a barrel while WTI oil Nov futures are trading at $82.47 a barrel on Friday during Asian hours with a little change on upper side. Both the benchmarks fell for the second session yesterday after a biggest tumble of 5 pct during Wednesday session. Brent traded at a…

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  • HSFO VLSFO markets – 04-10-2023

    HSFO VLSFO markets – 04-10-2023

    Srinivas Chowdary Sunkara

    HSFO markets seen softer yesterday in Asian markets at Singapore window. The cash premium of 380 cSt HSFO fuel oil slid while November crack slipped to discount. In contrast, VLSFO markets gained on tight inventories outlook. The backwardation curve of VLSFO remains strong. The cash premium for 0.5% VLSFO firmed for a fifth consecutive session…

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  • Crude prices inched down – 04-10-2023

    Crude prices inched down – 04-10-2023

    Srinivas Chowdary Sunkara

    Brent oil Dec futures are trading at $90.88 while WTI oil futures for Nov delivery is moving at $89.15 during Asian hours on Wednesday morning. Both the benchmarks settled up yesterday with a little change. Brent premium narrowed down to WTI at $1.69 a barrel during earlier session. Fears of expected high interest rates outweighed…

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  • Bitumen prices revised up on 01-10-2023

    Bitumen prices revised up on 01-10-2023

    Srinivas Chowdary Sunkara

    In October 2023, the National Oil Marketing Companies in India adjusted the prices of various bitumen products in Chennai. Prices for Bitumen VG-10, VG-30, and VG-40 in bulk were set at Rs. 45,542/-, Rs. 46,342/-, and Rs. 48,862/- per Mt respectively. Packed prices for VG-10 and VG-30 were Rs. 52,842/- and Rs. 53,642/- per Mt…

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  • HSFO and VLSFO markets – 03-10-2023

    HSFO and VLSFO markets – 03-10-2023

    Srinivas Chowdary Sunkara

    HSFO markets softened on Monday while 0.5% VLSFO markets firmed in Asia. The cash premiums for 380-cSt HSFO fell to $3.9 per Mt in Singapore markets. Cash premiums are sliding and backwardation timespreads are narrowing. Decreasing seasonal demand from middle east and retreating imports in China keep weigh on HSFO. Furnace oil or Fuel oil…

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  • Crude futures are trading down

    Crude futures are trading down

    Srinivas Chowdary Sunkara

    Brent oil futures for Dec delivery are trading 71 cents or 0.783 pct down to $90.01 a barrel while WTI oil Nov futures prices are dipped 38 cents or 0.428 pct to $88.44 a barrel on Tuesday morning during Asian hours. Both the benchmarks fell around 1 pct yesterday on strong dollar. On the technicals…

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  • FO PRICES DOWN LDO PRICES UP ON 1-10-2023

    FO PRICES DOWN LDO PRICES UP ON 1-10-2023

    Srinivas Chowdary Sunkara

    FO prices down LDO prices up in India on 1-10-2023 (1st october). Best FO price in hyderabad. Best LDO price in Hyderabad.

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