Fuel Oil Price Today as on 6th November, 2024.
HSFO 380 cSt cash premiums fell on steady number of offers. HSFO paper swaps backwardation narrowing amid rebounding margins. Low imports into Singapore markets keep HSFO markets strong. 380 cSt refining margins recovered after dipping to one month low in the previous session. Slid in refinery margins is a spill over from soft markets in Europe. VLSFO demand remains uncertain with HSFO market fundamentals shows strength currently.
Turning to other markets, Crude markets are moving flat after turning up in the early week . FO prices went up in India while LDO prices decreased for the first half of Nov, 2024.
