Fuel Oil Price Today as on 12th March, 2025
Fuel oil prices in Asia drifted lower yesterday. A flurry of range bound trades continued to exist in the SG spot markets. VLSFO markets moved in bearish mood amid lukewarm demand and ample supply. HSFO markets maintained strength, fueled by persistent bullish biddings.
VLSFO (very low sulfur fuel oil) spot discount widened with declining spot offers from the previous session. Refining margins fluctuated in volatile trade, With April VLSFO/Brent crack climbed to premiums near $8 a barrel. HSFO (High Sulphur Fuel oil) 380 cSt cracks closed lower at discounts of about $2.2 a barrel. The 380 cSt HSFO cash premiums held above $21 a Mt to cargo quotes.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets are moving down . FO prices likely to decrease while LDO prices likely to revise down for the second half of March.
