Fuel Oil Price Today as on 9th July, 2024
Fuel oil price today on 9th July, 2024 changed across all the grades at Singapore trading window. VLSFO prices down $9 per Mt to $630 per Mt. LSMGO prices $4 per Mt down to $762/mt while HSFO prices went up $4 per mt to $529 per Mt.
Fuel oil – HSFO spot premiums edged up on Monday but upside momentum capped on anticipation of higher supplies. The 380-cSt grade HSFO cash premium pegged at discount of $6.32 per Mt while 180 cSt cash premium was relatively stable at $4.67 per Mt. In India, HPCL sold three cargoes scheduled to be loaded from Vizag between July 24-26 to Vitol, Aug 3-5 to Total and Aug 13-15 to Vitol. Traders are watching Hurricane Beryl in U.S to assess the supply situation. On the crude markets side, prices are getting supported by geo-political tensions in Eastern Europe. FO and LDO prices are set to change on 16th July, 2024 in India.
