Fuel Oil Price Today as on 20th June, 2025.
Fuel oil benchmarks traded up on Thursday at Singapore trading window in Asia. Singapore’s residual fuel oil inventories reduced 9.3 pct by 3.39 Million metric tonnes to 21.5 million barrels in the week June 18th as per Enterprise Singapore Data. BPCL in India offered HSFO loading between July 3rd and July 4th closing on July 20th. Kuwait’s al-Zour sold VLSFO cargo for loading between July 28 and 29th to Japanese trading house as per sources.
VLSFO (very low sulphur fuel oil ) cracks closed at lower premiums while Singapore HSFO (High Sulphur Fuel oil) spot premiums continued to soften in Asia due to prompt supply appeared to remain ample. Cash premiums for 380 cSt HSFO was pegged below $5 a Mt while backwardation between July and August narrowed.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, Crude Benchmarks closed up yesterday. FO prices will go up significantly while LDO prices will be revised up in India for the first half of July, 2025.
