Fuel Oil Price Today as on 4th February, 2025
Fuel oil markets in Asia are moving with mixed signals. High Sulphur Fuel Oil (HSFO) prices turned down yesterday after upside rally. Very Low Sulphur Fuel Oil (VLSFO) markets were rangebound since last week.
VLSFO (very low sulfur fuel oil) spot premiums were largely rangebound in thin activity. HSFO (High Sulphur Fuel oil) spot premiums inched down amid larger competitive offers on Monday. The prompt intermonth spreads for 380 cSt grades closed lower at a discount near $1.85 a barrel on Monday.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO. Hi-5 fuel oil spread was pulled back to above $85 per Mt.
Turning to other markets, crude markets continued to dive on choppy trade. FO prices are increased while LDO prices are revised up on 1st Feb 2025.
