HSFO and VLSFO markets are under pressure as the prices are sagged down. high sulphur fuel oil (HSFO) markets are rolling down as the Asia’s HSFO markets slipped into deeper discounts on Thursday. On the flip side, very low sulphur fuel oil (VLSFO) prices softened after seeing a rally. On shore fuel oil stocks dived as per Enterprise Singapore data published. Strong backwardation curve limited the fuel oil imports into tanks since the tumble in demand from Middle east and West in the week to Oct 4th. Furnace oil or Fuel oil or FO retail selling prices are very likely to go down in India for the Oct second fortnight.
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