Fuel Oil Price Today as on 21st January, 2025.
Fuel oil markets in Asia at Singapore trading hub, Deriving support from prospectus tightening supplies amid sanctions on Russian oil. Spot premiums for fuel oil grades went up due to expected logistical challenges that may disrupt Feb supplies.
VLSFO (very low sulfur fuel oil) cash premiums firmed with with sentiment largely driven by supply disruptions. VLSFO crack rose to a premium of $11.7 a barrel. HSFO (High Sulphur Fuel oil) held steady to firmer on Monday with buying demand coming from several trading houses. 380 cSt HSFO crack closed at a discount of near $3 a barrel.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO. Hi-five fuel oil spread rangebound.
Turning to other markets, crude markets slid after advancing last week. FO prices went up while LDO prices increased on 16th Jan 2025.