Fuel oil market report. 24-4-24

fo markets

Check out for Prices!

Fuel oil prices surged at Singapore market across all grades. VLSFO prices went up $13/mt to $651/mt. LSMGO prices jumped $21/mt to $784/mt. HSFO prices rose $8 per Mt to $518/mt today.

Fuel oil – VLSFO cash premiums steadied on Tuesday at Singapore trading window. Though front month backwardation widened, prices softened during previous session. Spot VLSFO premium was pegged at $2.25 a ton on Tuesday while front month cracks closed at a premiums of $11.75 a barrel. Kuwait latest spot tender was awarded to Aramco.

On the other hand, Crude markets fell slightly today after a rally yesterday on low economic activity in U.S. Furnace oil prices set to change for every fortnight in India. fo prices are likely to go up for the first half of May, 2024

Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

Recent Posts