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Fuel Oil Price Today. 1st November, 2024

image shows hsfo vlsfo prices movements in Asia at Singapore trading hub.

Srinivas Chowdary Sunkara

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Fuel Oil Price Today as on 1st November, 2024

HSFO prices went up during the week in Asia at Singapore trading hub. Higher cash premiums triggered fuel oil spot trade to continue momentum in Asia. Prompt 380 cSt market fundamentals derived support from widening bunker and feedstock demand amid low stock piles in the West. VLSFO availability remains higher than HSFO with a one week delivery lag between two grades. Traders are eying on rising VLSFO supplies

Turning to other markets, Crude markets logged in weekly losses . FO prices went up in India while LDO prices decreased for the first half of Nov, 2024.

Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

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