Fuel oil markets in Asia largely stable on Thursday. Singapore onshore Fuel oil stocks are drawn as per Enterprise Singapore data. Fuel oil stockpiles were at 18.91 million barrels in the week to Feb. 19

VLSFO (very low sulfur fuel oil) spot premiums inched higher on Thursday amid firm trading pattern although sentiment remains bearish. HSFO (High Sulphur Fuel oil) 380 cSt cracks closed at a premium of 37 cents a barrel on Thursday. The HSFO market has undergone volatile swings this year due to a mixed bag of supply and demand drivers.

Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.

Turning to other markets, crude markets are moving flat with upside momentum . FO prices are decreased while LDO prices are revised down on 16th Feb 2025.