Fuel Oil Price Today as on 19th March, 2025
Fuel oil markets largely unchanged in bearish mood. VLSFO (very low sulfur fuel oil) prices demonstrated downside momentum due to lack of bullish drivers. spot differentials holding in discounts. VLSFO cracks closed near $7.6 a barrel down from previous day. HSFO (High Sulphur Fuel oil) spot premiums retreated further while more supplies continued to hit the market. As per shipping tracking data, Total fuel oil arrivals in Asia are expected to breach 7 Million tons this month, up from about 4.5 Million tons to 5 million tons last month. Demand has been soft from Chinese and Asian markets. HPCL offered HSFO for loading in April.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets are moving down in a bearish sentiment . FO prices decreased while LDO prices revised down in India for the second half of March.
