Fuel oil price. 14-06-2024

image explains fuel oil price movements in Singapore market

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Fuel oil price today on 14th June, 2024 trends up in the Singapore market. VLSFO prices went up $2/mt to $593 per Mt. LSMGO prices edged up $1/mt to $722/mt while HSFO prices dropped $10 per mt to $506 per Mt. Fuel oil benchmarks were rangebound on Thursday with onshore inventories climbed. VLSFO cracks held stable at $8 a barrel. HSFO cracks hovered at a discount of about $6 per barrel. Spot benchmarks were largely rangebound in recent trading sessions capped by incoming supplies. Onshore fuel oil stocks in Singapore rose for a third straight week led by recovering net imports, which more than tripled from last week. 

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