Fuel oil VLSFO prices down $2 to $595/mt. LSMGO and HSFO prices rose $2 and $5 to $730/mt and $435/mt respectively today in Singapore market. 0.5% Singapore’s VLSFO cash premiums narrowed down with further fall in timespreads due to sell off pressure. HSFO markets also softening. 180 cSt fuel oil spot prices fell into a deeper discount while cash premiums for 380- cSt grade narrowed. Inventories in Singapore markets fell due to lower think imports.
Crude markets heading for 7th weekly loss. The benchmarks lost around 5 % during the week on uncertainty across the market. Fuels sales in India dipped in in the month of Nov. FO LDO prices are set to change on 16th Dec, 2023.