HSFO LSMGO MDO VLSFO price trends by Srinivas Chowdary Sunkara as on 25-04-2023.
HSFO traded up while LSMGO and MDO prices were down yesterday in Singapore markets. Fuel oil cracks strengthened while May-June VLSFO spread has widened as per reports. Bunker prices moved in mixed directions in America markets. Brent prices moved up yesterday on prospect of boosting Chinese oil demand recovery and supply shortages from OPEC+. FO prices are expected to be increased in Indian retail markets.
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