VLSFO HSFO trends in Asia.

Check out for Prices!

Very Low Sulphur Fuel oil (vlsfo) prices steadied on Thursday at Singapore window. Backwardation time spreads eased after trading at one year’s high. The Singapore 0.5% VLSFO cash premium continued to edge high on Thursday after a sharp jump on Wednesday. Market backwardation cooled after narrowing timespreads. 380-cSt HSFO flipped back into premium amid prevailed bearish sentiment across the market. The 380-cSt HSFO differential rebounded to premium after a slump into discounts.

Crude markets rebounded on reversing bearish sentiment after FED and its peer BOE decision of not changing interest rates. Investors keep closed eye on geo-politics. Furnace oil prices are revised down in India for the first half of Nov, 2023.

Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

Recent Posts