Fuel Oil Price Today as on 7th February, 2025
Fuel oil markets in Asia sent mixed signals over uncertainty in crude markets. HSFO markets retained strength while VLSFO markets firmed down. Onshore fuel oil stocks in Singapore market edged up with most cargoes hailing from the U.S and Indonesia.
VLSFO (very low sulfur fuel oil) cash premiums extended declines while product cracks closed lower at a premium near $11 a barrel on Thursday. HSFO (High Sulphur Fuel oil) spot premiums steady to softer. HSFO cash premium dipping below $7 a MT amid weaker offers for prompt loading parcels.
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 this week.
Turning to other markets, crude markets continue to dive on choppy trade. FO prices are increased while LDO prices are revised up on 1st Feb 2025.
