VLSFO and HSFO price trends by Srinivas Chowdary Sunkara as on 26th July, 2023.
0.5% VLSFO prices started to stabilise in Asia markets after a recent tumble. HSFO prices began to ease after a recent rally. Hi-5 fuel oil spread, VLSO premium over HSFO also widened in previous session. .5% VLSFO cash differentials pegged at a narrower discount while front month crack spread closed higher. Crude oil futures demonstrated down side momentum down after a rally of straight sessions. Furnace oil retail selling prices are very likely to go down.
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