Fuel oil prices down across all the grades at Singapore trading window as on 7th Dec, 2023. VLSFO prices down $23 to $597/mt. LSMGO prices slipped to $15 to $728/mt. HSFO prices tumbled $16 to $430/mt.
Fuel oil 0.5% VLSFO little changed in a thin trade with a cash premiums closed at $11.25/mt while cracks dipped slightly to premiums of $11.14 a barrel. The cash differentials for 180 cSt HSFO slipped to a discount. The refining margins for 380 cSt HSFO fell.
Crude markets continue to tumble in a bearish mood. Strong dollar. Weak demand and bearish numbers are prevailing negatie facors in the markets. Furnace oil and LDO retail selling prices are set to revise up in India.
