Asia Fuel Oil-HSFO cash differential down, VLSFO steady

ReutersMar 27, 2025 10:58 AM

NEW DELHI, March 27 (Reuters) - Asia's high sulphur fuel oil (HSFO) cash differentials were down on Thursday after Singapore inventories rose to a 13-week high.

The 380-cst HSFO cash premium traded at $14.81 a metric ton. The very low sulphur fuel oil (VLSFO) cash differential was steady at a discount of 88 cents amid tepid trading at the deals window.

Singapore fuel oil stocks rose by 2.09 million barrels to 21.708 million barrels in the week to March 26, Enterprise Singapore data showed.

OTHER NEWS

- U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - and may be nearing peak output.

- Oil prices were steady on Thursday as markets assessed new U.S. tariffs, while concerns about global supply kept prices near one-month highs. O/R

- Saudi Aramco is in talks to invest in two planned refineries in India as the world's top oil exporter looks for a stable outlet for its crude in the world's fastest-growing emerging market, several Indian sources with direct knowledge of the matter said.

WINDOW TRADES O/AS

- 180-cst HSFO: No trade

- 380-cst HSFO: No trade

- 0.5% VLSFO: No trade

ASSESSMENTS

FUEL OIL
CASH ($/T)	ASIA CLOSE	CHANGE	PREV CLOSE	RIC
Cargo - 0.5% VLSFO	508.76	2.89	505.87	MFO05-SIN
Diff - 0.5% VLSFO	-0.88	0.03	-0.91	MFO05-SIN-DIF
Cargo - 180cst	468.86	-2.33	471.19	FO180-SIN
Diff - 180cst	13.88	-0.39	14.27	FO180-SIN-DIF
Cargo - 380cst	458.51	-2.08	460.59	FO380-SIN
Diff - 380cst	14.81	-0.30	15.11	FO380-SIN-DIF
Bunker (Ex-wharf) Premium - 380cst	4.24	-0.30	4.54
Bunker (Ex-wharf) Premium - 0.5% VLSFO	3.00	0.00	3.00

For a list of derivatives prices, please refer to ENSWAP/INFO or the RICs below:
180cst M1	FO180SGSWMc1
180cst M1/M2	FO180SGSDMc1
380cst M1	FO380SGSWMc1
380cst M1/M2	FO380SGSDMc1
0.5% VLSFO M1	LFO05FSGMc1
0.5% VLSFO M1/M2	LFO05FSGSMc1
Cracks 180cst-Brent M1	FO180BRTCKMc1
Cracks 180cst-Dubai M1	FO180SGCKMc1
Cracks 380cst-Brent M1	FO380BRTCKMc1
Cracks 380cst-Dubai M1	FO380DUBCKMc1
Cracks 0.5% VLSFO-Brent M1	LFO05SGBRTCMc1
Cracks 0.5% VLSFO-Dubai M1	LFO05SGDUBCMc1
Visco 180cst/380cst M1	FOVISSGDFMc1
Hi-5 0.5% VLSFO/380cst M1	FO05-380SGMc1
GoFo 10PPM/0.5% VLSFO M1	GO10FO05FSGMc1
East-West M1	FOSGEWMc1
Barges M1	HFOFARAAMc1
Barges M1/M2	HFOFARAASMc1
Crack Barges-Brent M1	HFOFARAACMc1

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.