Fuel Oil Price Today as on 12th June, 2025.
Fuel oil trading down in Asia. Fuel oil markets remained awash with supply, weighin on bunker differentials. VLSFO (very low sulphur fuel oil ) cash differentials pegged at a slightly higher premium of $7.5 a Mt to cargo quotes. Refining margins for VLSFO were rangebound above $10 a barrel. Singapore HSFO (High Sulphur Fuel oil) took breather on Wednesday, Slowing from previous sessions. Backwardation narrowed at the prompt months. Singapore cash differentials for 380 cSt HSFO remained at a premium above $12 per Mt. June/July backwardation narrowed inching closer to $15 a Mt on Wednesday, compared with slightly above $17 the previous data from trade sources.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, Crude Benchmarks trading up with bullish momentum. FO prices will be changed moderately either while LDO prices will be revised with a little changes in India for the send half of June, 2025.
