Bunker Price Index 30-05-2023

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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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Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

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