VLSFO HSFO LSMGO price trends by Srinivas Chowdary Sunkara 13-05-2023
VLSFO benchmarks hold stable in Asia market due to low activity. HSFO markets retained strength on steady demand from Chinese refinery feedstock. The cash premiums for 0.5% VLSFO dipped while climbed for HSFO. Weekly residual fuel oil stocks slumped in Singapore markets with a slump in net imports. Bunkering demand improved in May compared to April. Brent futures clocked weekly loss again and markets are struggling in bearish sentiment buoyed up by recessionary fears mounting up demand woes. FO retail selling prices are going down in India.
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