Fuel oil prices under pressure. 28-02-2024.

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Fuel oil – HSFO cash discounts widened in Asia on plenty of supplies in the regions. The spot price for 380 cSt slid compared to previous sessions. The cash differentials fell to a discount of $5.88 per Mt with refining margins dipped to discounts of about $13.5 a barrel. Fuel oil supplies from the middle east to Asia breached. VLSFO prices little changed. Turning to crude markets, Benchmarks rally pulled back on profit booking yesterday. Furnace oil prices in India are set to change for every fortnight in India.

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