VLSFO prices are down today while HSFO prices also slumped today at Singapore trading window. Refining margins for fuel oil trimmed last week with climb in inventories. Margins also rallied high due to operational issues reported at Kuwait’s Al Zour refinery. Singapore’s 0.5% VLSFO cash premiums declined with HSFO cracks closed at discounts.
Crude markets remain rangebound and all eyes on OPEC+ meet. Furnace oil LDO prices will be revised on 1st Dec, 2023 in India