Fuel Oil Price Today as on 18th March, 2025
Fuel oil markets moved flat on Monday. VLSFO (very low sulfur fuel oil) markets largely underpinned by bearish fundamentals. Weak bearish fundamentals drag on VLSFO prices. Refining margins largely stable. HSFO (High Sulphur Fuel oil) spot premiums largely stable despite of low 380 cSt trade. The 380 cSt HSFO cash premiums adjusted below $21 a Mt to cargo quotes. intermonth spreads remained steeply backwardation amid a recent rally.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets are moving flat amid bearish mood . FO prices decreased while LDO prices revised down in India for the second half of March.
