Fuel Oil Price Today as on 21st May, 2025.
Fuel oil benchmarks in Asia are moving stable amid rangebound trade. Lack of bids and closure of regional tenders left the markets in limbo.
VLSFO (very low sulphur fuel oil ) spot differentials traded at higher premiums while Singapore HSFO (High Sulphur Fuel oil) spot differentials held in thin discounts on Tuesday. Asia remains adequately supplied this month totaled about 5 Million tons in May, largely unchanged from last month as per data. China’s fuel oil imports totaled 1.83 Million Mt for April marked monthly jump while dipped from April last year. Low refining margins with escalation of import costs pushed down China’s fuel oil imports. HSFO cracks strengthened due to low crude prices making it more expensive now.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, Crude oil futures indices are drawing flat curves with no momentum due to lack of certainty over geo-politics. AS WE EXPECTED, FO prices went down while LDO prices are revised down in India for the second half of May, 2025.
