HSFO (High Sulphur Fuel oil) prices decreased $13/mt to $437/mt while VLSFO (Very Low Sulphur Fuel Oil) prices sank $27/mt to $642/mt today. Cash differentials for HSFO rebounded on Thursday on low inventories. cash premium for 0.5% VLSFO fell to $26.33 a mt in the early session.
Crude markets slumped on build in U.S crude stocks. The world benchmarks are heading towards another weekly loss. Furnace oil (F.O) and Light Diesel Oil (LDO) retail selling prices are revised down in India as we predicted.
