Fuel Oil Price Today as on 28th May, 2025.
Fuel oil markets softened amid tepid demand. Spot bunker premiums under pressure. HSFO cracks weakening for second consecutive day on Tuesday with losing streak this week. VLSFO (very low sulphur fuel oil ) cash differentials dipping below $10 per Mt amid thin spot trade. Singapore HSFO (High Sulphur Fuel oil) 380 cSt HSFO/Brent crack dropped to $1.5 a barrel while HSFO/Dubai crack for June dropped to a premium near $2.6 a barrel amid sell off pressure.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, Crude Benchmarks technical indicators signaled bearish to neutral trend. FO prices are expected to go up while LDO prices will be revised up in India for the first half of June, 2025.