Fuel Oil Price Today as on 6th, May, 2025.
Fuel oil markets opened with positive momentum in Asian at Singapore Trading window. VLSFO (very low sulphur fuel oil ) cash premiums edged higher on firmer bids and trades in recent sessions. HSFO (High Sulphur Fuel oil) spot differentials remained in discounts on Monday though they narrowed from the last session as the market structure recovered slightly. A stronger trade emerged for 380 cSt HSFO in the spot market. Meanwhile the prompt intermonth spread for 380 cSt HSFO flipped back into a small backwardation, after weakening sharply into contango last week.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets logged in weekly losses. FO prices in India are moderately increased while LDO prices are revised down in India for the first half of May, 2025.
