HSFO VLSFO markets 9-10-2023

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380 cSt HSFO (High Sulfur Fuel Oil) markets steadied on Friday. Cash differentials climbed to a discount of $1.5 a ton with a Nov crack closed higher at a discount of $13.73 a barrel. VLSFO (Very Low Sulfur Fuel Oil) refining cracks in Asia posted weekly gains as on Friday with softening cash differentials after a rally. The Nov 0.5% VLSFO crack rose to a premium of $9.30 a barrel. Fuel oil retail selling prices are very likely to revise down in India on 16/10/2023.

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