Fuel Oil Price Today as on 13th March, 2025
Fuel oil markets continued to demonstrate week price momentum yesterday. HSFO markets are moving with positive sentiment amid expected broader fuel oil supplies into Asia. Backwardation held strong between the balance month and April though much of the balance curves remains milder in comparison. Total fuel oil arrivals in Asia expected to breach 6.5 Million tons this month, Up from less than 5 Million tons last month as per institutional data.
VLSFO (very low sulfur fuel oil) markets held largely rangebound amid bearish fundamentals. Refining margins largely stable. April VLSFO/Brent crack hovering at premiums near $8 a barrel. HSFO (High Sulphur Fuel oil) 380 cSt cracks closed lower at discounts of about $3 a barrel. The 380 cSt HSFO cash premiums pegged above $23 a Mt to cargo quotes.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets are moving down . FO prices likely to decrease while LDO prices likely to revise down for the second half of March.
