Fuel Oil Price Today as on 20th February, 2025
Fuel oil markets in Asia moving strong . HSFO markets are bolstering with strong trade while VLSFO is trading low with soft demand.
VLSFO (very low sulfur fuel oil) margin dipped to premiums of about $11 per barrel HSFO (High Sulphur Fuel oil) 380 cSt cracks closed stable day on day at discounts near 65 cents a barrel. Robust buying interest persisted for the intermonth spread, even as the market eyed steady to higher Russian high sulphur supplies to Asia in subsequent months. while demand is expected to remain weak from China and India.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets moving flat on uncertainty. FO prices are decreased while LDO prices are revised down on 16th Feb 2025.
