crude and fuel oil markets update 27th August, 2025 – petrobazaar.com, Hyderabad, India
Brent Oct futures prices are moving at $67.44 a barrel while WTI oil futures for Oct delivery trading at $63.47 a barrel on Wed at the time of reporting. Both the benchmarks are moving steady after losing around 2 pct yesterday. U.S tariffs on India and Ukraine war developments in focus. API reported drawings in U.S crude and product stocks lent some support to oil complex. EIA will confirm nos tomorrow. On Technicals side, Uncertainity prevailed across that keeps some investors on the sidelines until some clarity emerges as per Giovanni Staunovo, an oil analyst.
Bunker markets in bearish mood. Asia’s cash differentials for VLSFO flipped from a discount into a premium in a quiet trade as of Monday amid bearish fundamentals. Ref to Pricing data, The SG VLSFO diff was pegged at a premium of about 50 cents to cargo quotes after holding in discounts since Aug 8th. Market backwardation for VLSFO widened between the prompt months. HSFO continued to weaken with flooding of supplies weighed on differentials to slip into wider discounts. FO LDO prices are expected to go down in India for the first half of Sep, 2025.
