crude and fuel oil markets update 17th September, 2025 – petrobazaar.com, Hyderabad, India.
Brent oil futures for Nov delivery dipped to trade at $68.31 a barrel while WTI oil Oct futures prices are slipped at $64.37 a barrel today at the time of reporting. Both the banchmarks settled up around 1 pct last night. Escalation of political tensions continue to be in the headlines. Markets keep assessing the supply side fundamentals like disruptions from Russia after Ukraine attacks over Russian oil facilities. Turning to data, EIA reported that U.S crude and gasolie stocks fell by 9.3 Mbpd and 2.3 Mbpd while distillates piled up by 4Mbpd during the last week. U.S domestic production remained at 13.482Mbpd with refinery throughput at 93.3 pct.
Fuel oil markets moving rangebound at Singapore trading hub in Asia. VLSFO cash differentials recovered with the demand from spot market. HSFO cash differentials continue to trade in discount despite of bullish drivers. VLSFO cracks strengthened while HSFO cracks steadied. Hi-5 fuel oil spread widened for a second consecutive session on Tuesday with strong VLSFO.
