Furnace oil price may revise up. 11-4-24

image shows FO Price movements.

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Furnace oil price discounts

Fuel oil prices changed across Singapore markets today. Very Low Sulphur Fuel oil (VLSFO) gained after a slight fall in the past day. VLSFO prices went up $10/Mt to $652/Mt. LSMGO prices edged up after declining in the past day session. LSMGO price increased $3/Mt to $807/Mt. HSFO prices remained stable during the week due to thin trade activity along with inflow of stocks. HSFO prices spiked today $8 to $509/Mt today.

Today FO prices remain unchanged in Hyderabad. Furnace oil (FO) prices set to change for every 15 days in India. Furnace oil (FO) prices may revise up for the second half of April, 2024. Turning to crude markets, The world benchmark price index curves demonstrated upside momentum on escalation of middle east tensions.

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