VLSFO HSFO trends by Srinivas Chowdary Sunkara as on 10-06-2023
Residual Fuel inventories at key trading hub Singapore built up during the week ending June 7th as per Enterprise Singapore data. Fuel oil stocks reportedly went up for the second consecutive week despite of falling imports. On shore fuel oil stocks rose 3% or 2.98Mts to a five week high of 19.57Mb during the week. Crude markets were fragile during the week on mixed signals. Furnace oil (F.O) retail selling prices may go up for the second half of June, 2023.
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