Fuel Oil Price Today as on 7th August, 2024.
VLSFO cash premiums down while HSFO cash premiums were stable after three sessions of fall in Singapore. Cash premiums for VLSFO fell 17 cents to $$4.3 per Mt. Low sulfur markets outlook is softer due to increasing oil from Kuwait and emerging flows from Africa. HSFO 180 cSt and 380 cSt cash premiums surged 33 cents to $3.57/ Mt and $4.51/Mt respectively on Tuesday.
HPCL offered three cargoes of 33000 tons each of 380-cSt scheduled to be loaded on Aug 23- 24, Sep 2-3 and Sep 12-14 from Vizag terminal through tender. BPCL offered one cargo of 180-cSt grade for delivery between Aug 20-22 through tender from Mumbai.
Turning to other markets, Crude oil markets moving stable today after rising yesterday, Breaking 3 continuous sessions of fall. FO and LDO prices are expected to fall in India for the second half of August, 2024.
