Fuel Oil Price Today as on 17th December, 2024.
Bunker sales at Singapore markets down 8.5 pct. Volumes declined for all marine fuel grades. Spot demand trend largely luke warm in Nov that may extend into Dec month also. Bunker premiums fell to 5 month low this month.
Fuel oil spot trade in Asia largely thin however paper markets firmed.
VLSFO (very low sulfur fuel oil) benchmarks largely stable with low voluminous trade. HSFO (High Sulphur Fuel oil) 380 cSt cracks closed at a discounts of about $4.6 per barrel on Monday.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, Crude oil prices are moving down after profit booking by traders. FO prices in India went down while LDO prices revised down as on 16th Dec, 2024.
