VLSFO HSFO prices update by srinivas chowdary sunkara as on 30 – 05 – 2023
Cash premiums for VLSFO (Very Low Sulphur Fuel Oil ) remained flat yesterday while HSFO (The high – sulphur fuel oil) premiums changed a little. Expected rising inflow into markets continue to weighed on prices. Al-Zour supplies from its second crude distillation unit are expected to rise. KPC announced that it will ramp up through put at CDU 3 in June month. This may hinder arbitrage flow from Europe into Asia. We are not expecting major changes in Furnace oil (F.O) retail selling prices. Consensus is on revise up for the June month first fort night.
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