Fuel Oil Price Today as on 18th June, 2025.
Fuel oil markets in Asia moving in bullish mood. Benchmark prices at Singapore trading desk sagged up on Tuesday as per report. Bunker sales excluding lubricants totalled about 608000 Mt at the Middle Eastern bunker hub in May as per data published. Marine Fuels sales at The Fujairah Port hit a three month low in May, data showed.
VLSFO (very low sulphur fuel oil ) fuel oil cash premium was pegged higher reflecting a firmer price trade. The products cracks closed near $11 a barrel, broadly stable from the previous day.
Singapore HSFO (High Sulphur Fuel oil) spot premiums dipped in Asia on Tuesday despite ongoing tensions in the ME. Vessels are moving through red sea though tensions prevailed at Straight of Hormuz amid escalation of rift in ME. cash premiums for 380 cSt HSFO slipped to near $8 a mt. depsite of geo-political tensions.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, Crude Benchmarks trading up with bullish momentum. FO prices changed moderately while LDO prices will be revised up in India for the send half of June, 2025.
