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Fuel oil premium dipped. 31-01-2024
Fuel oil cargo premium softened on ample supplies reported in Asia market. VLSFO cargo premium eased despite of higher demand backed by red-sea tensions. Fuel oil cargo vessels are rerouting to avoid red sea water that escalated freight charges and delaying to reach destinations. Higher freight charges inturn inflating product cost that keep weigh on…
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HSFO VLSFO prices down today. 24-01-2024.
Fuel oil – both VLSFO and HSFO prices declined today in Singapore market as per report. VLSFO prices down $8 per mt to $623/mt. HSFO prices edged down $10 to $438/mt today. Fuel oil spot premiums remain range bound in Asia yesterday. Increasing supplies Limited potential recovery. Singapore’s cargo cash premiums for VLSFO traded lower…
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crude markets in range bound. 23-01-2024
crude brent, march Futures moving steadily at $79.97 a barrel while wti Futures for March delivery added $1.22 to $74.63 a barrel on Tuesday morning during asian hours at the time of reporting. Both the benchmarks traded up 2 per cent yesterday. Brent premium narrowed down to $4.87 over wti during the session. crude benchmark…












