Fuel Oil Price Today as on 16th November, 2024.
VLSFO (very low sulfur fuel oil) cash premiums continued to fall with the product trading softer at $5 per Mt for December dates. HSFO (High Sulphur Fuel oil) 380 cSt cash premiums eased dropping below $13.5 per Mt. Spot premiums for Fuel oil grades eased on Tuesday as ample incoming supplies continued to weigh on bearish sentiment. Western Arbitrage arrivals and Middle Eastern barrels led the uptick in strong inflow.
Turning to other markets, Crude markets bounced back on speculators reentry and supply fundamentals support. FO prices in India revised down while LDO prices went up for the second half of Nov, 2024.
