Fuel oil price – 06-05-2024

image shows fueloil prices in singapore market

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Fuel oil price inched up in Asia market at Singapore trading window. VLSFO prices went up $1 per Mt to $622 per Mt. LSMGO prices plummeted $4 per mt to $732 per Mt. HSFO prices edged down $1 per mt to $518 per mt on Friday. It was reported that Singapore onshore fuel oil stockpiles fell to more than five month lows in the week to May 1st. sliding for a second consecutive week as per the data showed on Thursday last week. Turning to other markets, Crude markets inched up today morning on a positive note from KSA osp increase to Asian markets. Furnace oil (FO) prices set to change for every fortnight in India. FO prices are very likely to increase for the second half of May,2024

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