Fuel Oil Price Today as on 10th, May, 2025.
Fuel oil spot markets in Asia broadly stable amid quite trade despite of emerging flurry of bids and offers. Strong volumes are moving from Iraq to Asia keeping the market well supplied. VLSFO (very low sulphur fuel oil ) markets little changed, Retaining some of the recent strength. VLSFO cracks hovered near premium of $12 a barrel. Singapore HSFO (High Sulphur Fuel oil) cash differentials for 380 cSt was pegged at parity to cargo quotes, after holding discounts since the start of the month. HSFO 380 cSt cracks held above $2 a barrel supported by some strength in the Dubai crude complex.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets posted weekly gain after April, 15th . FO prices in India are moderately increased while LDO prices are revised down in India for the first half of May, 2025.
