Fuel oil prices increased across Singapore market on 26-01-2024. Today, VLSFO prices went up $21 to $654/mt. HSFO prices surged $10 to $456/mt today in Singapore market as per reports.
Fuel oil markets traded in positive territory on Thursday amid strong demand. Asia’s VLSFO retained strength driven by fall in inventories and expected boost in demand. Singapore’s 0.5% VLSFO cash premiums pegged up at $8.2 per tonne. 380 cSt HSFO premiums held at $3 per tonne on Thursday. Furnace oil prices in India are set to change for every fortnight. Furnace oil prices are expected to revise up for the first half of February. crude markets jumped into short term margins territory, Heading towards weekly gains.
