Fuel oil VLSFO HSFO prices declined.6-12-2023.

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Fuel oil graded VLSFO and HSFO prices went down today at Singapore trading window. Asia’s cash differentials were little changed on Tuesday after cooling off earlier spree. Singapore’s 380 cSt HSFO cash differentials fell to a premium of $1.53 per Mt as the product traded lower. Cracks at a discount of $9.67 a barrel. Singapore’s 0.5% VLSFO little changed with a cash premium at $14.25 mt.

crude prices are moving down in bears fest. Doubts over cuts implementation and demand outlook continue to drag oil prices down. FO prices are very likely to go up in india.

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