Bunker Price Index 30-01-2023

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 30th Jan, 2023.

The VLSFO crack price in Singapore is the difference in price between VLSFO and the benchmark crude oil, typically Brent or Dubai, in the Singapore market. It is the measure of the profitability of producing and selling VLSFO and is used to assess the market demand for the product. The VLSFO crack price in Singapore can fluctuate daily based on various factors such as the availability of crude oil, demand for VLSFO and refining margins. The VLSFO crack has come off today morning at $13.90/bbl, down by $0.6/bbl from Friday&#39s settlement. Ample fuel oil supply and lack of demand added to downward pressure. In India, Fuel oil retail selling prices are expected to go up on Feb 1st. 

Good day to all

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
 

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

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